If the country illustrated in Figure 17-12 is initially trading without restrictions at a world price of $1.00, the government revenue from a tariff of $0.50 per unit is represented by area

A) c
B) e + g
C) i + e + f
D) d + e
E) e

Government Revenue

The income received by the government from taxes, fees, fines, and other sources.

Tariff

A tax imposed by a government on goods and services imported from other countries to protect domestic industries.

Restrictions

Limitations or conditions placed on activities, transactions, or behaviors to regulate or control their occurrence.