2 Nation "A" decides to engage in trading with Nation "C". What will the surplus be for producers of "A"? Hint: Creation means a gain, while diversion means a loss. a. creation will be GIC b. diversion will be RTC c. creation will be EJC d. diversion will be EJC

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Chapter1: Making Economics Decisions
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Nation "A" decides to engage in trading with Nation "C". What will the surplus be for
producers of " A"? Hint: Creation means a gain, while diversion means a loss. a. creation will
be GIC b. diversion will be RTC c. creation will be EJC d. diversion will be EJC
The below is an economic model of nation "A", which wants to start trading
nationally. To import from Nation "B" is 3 dollars and from country "C" is 4 dollars. "A"
decides there will be a set tariff of 2 dollars for every import.
Price Demand
10
9
8
7
5
3
2
1C
00
a. creation will be GIC
b. diversion will be RTC
Supply
Nation "A" decides to engage in trading with Nation "C". What will the surplus be for
producers of "A"? Hint: Creation means a gain, while diversion means a loss.
c. creation will be EJC
d. diversion will be EJC
Quantity
Transcribed Image Text:Nation "A" decides to engage in trading with Nation "C". What will the surplus be for producers of " A"? Hint: Creation means a gain, while diversion means a loss. a. creation will be GIC b. diversion will be RTC c. creation will be EJC d. diversion will be EJC The below is an economic model of nation "A", which wants to start trading nationally. To import from Nation "B" is 3 dollars and from country "C" is 4 dollars. "A" decides there will be a set tariff of 2 dollars for every import. Price Demand 10 9 8 7 5 3 2 1C 00 a. creation will be GIC b. diversion will be RTC Supply Nation "A" decides to engage in trading with Nation "C". What will the surplus be for producers of "A"? Hint: Creation means a gain, while diversion means a loss. c. creation will be EJC d. diversion will be EJC Quantity
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