A tariff of $2 per unit of imported shoes at an international price of $6 per...
A tariff of $2 per unit of imported shoes at an international price of $6 per unit will result the shoe price of _____ when entering the importing small country.
| exactly $4 per unit |
| more than $8 per unit |
| less than $8 per unit |
| exactly $8 per unit |
Homework Answers
| Price of imported shoes | $6 | |||||
| When the shoe enters the importing small country, there is | ||||||
| a tariff of $2 per pair of shoes. | ||||||
| The company importing the shoes in the small country | ||||||
| will pay $6 for the pair of shoes and $2 as tariff to the government | ||||||
| of the small country. | ||||||
| Therefore, the price of the shoes will be $8 per pair for the company importing | ||||||
| the pair of shoes. | ||||||
| exactly $8 per unit. | ||||||
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