4. Study Questions and Problems #4 Suppose the United States imposes a tariff of 4% on foreign automobiles. If a foreign automobile costs $40,000, the amount of the tariff equals million. S per car. If 30,000 foreign cars are imported, then the total revenue raised for the U.S. Treasury is S True or False: Imposing tariffs on foreign goods can lead to retaliatory tariffs being put on domestically produced goods. True O False
4. Study Questions and Problems #4 Suppose the United States imposes a tariff of 4% on foreign automobiles. If a foreign automobile costs $40,000, the amount of the tariff equals million. S per car. If 30,000 foreign cars are imported, then the total revenue raised for the U.S. Treasury is S True or False: Imposing tariffs on foreign goods can lead to retaliatory tariffs being put on domestically produced goods. True O False
Chapter2: International Flow Of Funds
Section: Chapter Questions
Problem 15QA
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Question
![4. Study Questions and Problems #4
Suppose the United States imposes a tariff of 4% on foreign automobiles. If a foreign automobile costs $40,000, the amount of the tariff equals
million.
S
per car. If 30,000 foreign cars are imported, then the total revenue raised for the U.S. Treasury is S
True or False: Imposing tariffs on foreign goods can lead to retaliatory tariffs being put on domestically produced goods.
True
O False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ab9ef8c-e600-4dee-9cfc-afa0a4eec888%2F3178f79e-1c50-4461-84ad-455b8926cb34%2F9vqpyi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. Study Questions and Problems #4
Suppose the United States imposes a tariff of 4% on foreign automobiles. If a foreign automobile costs $40,000, the amount of the tariff equals
million.
S
per car. If 30,000 foreign cars are imported, then the total revenue raised for the U.S. Treasury is S
True or False: Imposing tariffs on foreign goods can lead to retaliatory tariffs being put on domestically produced goods.
True
O False
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