The U. S. government, responding to pressure from political lobbyists representing the U. S. steel industry, will impose a tax on steel products imported from South America. This is an example of an:.a. protective tariff. b. revenue tariff. c. quota. d. embargo.

Explanation:

The US Government has restricted the import of beef from Argentina to "5 million pound" as an annual limit.

Let us understand the terms:

Import quota: It is the restriction given by the Government to limit the import quantity for a specific period of time.

Protective tariff: The tax placed on the foreign goods

Revenue tariff: The tax applied for raising the Government revenue. Especially to obtain revenue from the corporate sources.

Embargo: Restricting the exchange of goods with specific countries.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer///supply is elastic, and demand is inelastic;