2014 multiple choice question (1 Viewer)

Untroubled

Member
Joined
Jul 18, 2015
Messages
53
Location
Sydney
Gender
Female
HSC
2015
I came across question 20 of the 2014 multiple choice economics paper and was quite confused on how to solve it, anyone can help?
Answer is C according to Board of Studies.
I can't quite be bothered to post a screen shot of the question xD.
 

lpodtouch

Active Member
Joined
Jan 3, 2014
Messages
143
Gender
Female
HSC
2015
By introducing a $5 tariff on top of the world price, this means that only 40million imports enter the country (70-30m). Therefore, a quota of 40m imports will have the same effect. (C)
 

Untroubled

Member
Joined
Jul 18, 2015
Messages
53
Location
Sydney
Gender
Female
HSC
2015
By introducing a $5 tariff on top of the world price, this means that only 40million imports enter the country (70-30m). Therefore, a quota of 40m imports will have the same effect. (C)
Lol. Can't believe I didn't think of it this way, thank you :redface:
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top