Asked by
Auriya Penny
on Dec 08, 2024
Verified
Refer to Figure 4.1. The United States will import 2 million apples per day if a per-apple tax of ________ is levied on imported apples.
A) 10 cents
B) 20 cents
C) 30 cents
D) 40 cents
Per-apple Tax
A hypothetical or specific form of taxation where a tax is levied on each unit of apple sold or consumed.
Imported Apples
Apples that are brought into a country from another country for sale, which can affect the local market in terms of prices, supply, and demand.
United States
A country located in North America, known for its significant economic, cultural, and political influence globally.
- Gain insight into the ramifications of levies on foreign goods and their effects on the home economy.
Verified Answer
DW
Learning Objectives
- Gain insight into the ramifications of levies on foreign goods and their effects on the home economy.