Figure 9-15
-Refer to Figure 9-15.The amount of government revenue created by the tariff is
A)B.
B)E.
C)D + F.
D)B + D + E + F.

Name: Figure 9-15 -Refer to Figure 9-15.The amount of government revenue created by the tariff is A)B. B)E. C)D + F. D)B + D + E + F.
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Question

Figure 9-15 
-Refer to Figure 9-15.The amount of government revenue created by the tariff is
A)B. 
B)E. 
C)D + F. 
D)B + D + E + F.

Quizplus · Accepted Answer

The government revenue from a tariff is typically represented by the area of the rectangle formed by the tariff rate and the quantity of imports after the tariff is imposed. In this case, it is represented by area E.

Figure 9-15 -Refer to Figure 9-15.The Amount of Government Revenue Created by Revenue