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international trade 4. Effects of a tarief The following up shows the dom y of and demand for s eans in Venezuela. The world
If Venezuela is open to international trade in soybeans without any restrictions, it will import tons of soybeans. per ton Su
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Answer #1

If Venezuela is open to international trade.............. 300 tons of soybeans.

Suppose the Venezuela government................ $ 60 per ton will achieve this

A tariff set at............... $ 6000 in revenue for the Venezuelan government

Note : imports = 400 -100 = 300

Tariff = 580 - 520 = 60

Revenue = 60*100 = 6000

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