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- Cortania starts to trade Blueberries for country Apton's Pears. Assume country What would be the likely consequences? OCortania will enjoy more Pears at lower prices ○Apton will benefit only if it is more efficient at producing Blueberries OCortania will benefit only if it is more efficient at producing Pears OOnly the country which is more efficient at producing Blueberries will benefitThe figure provided shows the market for calculators. Price of calculators $45 40 S 30 20 20 10 5 world price with tariff world price D 50 100 200 300 400 500 600 700 800 900 Quantity of calculators Deadweight loss arising from the tariff is, in numerals, $ Need help on this question? 目 Read the ebook page on this topic (no penalty) Get a hint (fewer points)How can increase in tariffs affect major oil companies? Is it a threat or an opportunity to them?
- What is world marketThe nation of Theopolis recenty put a tariff on the importation of washing machines. Which of the following statements is true based on this information? (a) This tariff harms consumers in Theopolis who buy washing machines (b) This tariff benefts the producers of washing machines in Theopolis (c) This tarif hurts the producers of washing machines in other countries that export to Theopolis (d) The tariff will increase overall weltare in Theopolis Explain all the false answers alsoWhat is a carry trade?
- Assuming the market outcome, and a world price of $6.50 calculate the following: Price Qddom Qsdom Imports or exportsЕОC 10.05 Japan imports crayons into its country; they are a price taker in this market. Suppose the world price of crayons is $5. If Japan imposes a $1 tariff on crayons, what would be the domestic price of crayons and what will happen to the quantity bought? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The quantity bought will increase and the price will be $6. b The quantity bought will fall and the price will be $6. The quantity bought will fall and the price will be $4. d. The quantity bought will increase and the price will be $4.36 36 option command command option Price Sus Pw+ T 41 eni 16 Pw 1bluow Dus en Q Qg Q4 Q2 Quantity priwol-fot orl 16wens oldst pnivnegmooos ort ni sisb ert priel E 4. PW is the world price and PW + T is the world price plus a tariff. Identify the following: a. The level of imports at PW b. The level of imports at PW + T c. The loss in consumers' surplus as a result of a tariff d. The gain in producers' surplus as a result of a tariff e. The tariff revenue received by the government as a result of a tariff f. The net loss to society as a result of a tariff g. The net benefit to society of moving from a tariff to no tariff boop eshiouo
- Ii, GRAPH O SETTINGS Supply Price of Computers ($) Somest Demand Tariff Amount 1,000 Nw Dom Eglum CALCULATIONS 800 World Price Domestic Quantity Supplied 110 Imports Domestic Quantity Demanded 190 Level of Imports 80 190 Tarf Amount $0 110 Quantity of Computers Taniff Revenue $0Trying to construct a graph that shows U.S. Demand curve for sugar. U.S. Supply curve for sugar. Show world price and U.S. price (show dollar values). Show quantity supplied by U.S. firms and U.S. sugar consumption on graph (show values). Quantity is in pounds. These values are on the attached files. Figure how many pounds of sugar are imported. This will be a value. Show it on the graph. Shade the area(s) of dead-weight loss on the graph (no value needed). Mark the area which is the revenue for foreign sugar producers—figure the dollar value and note it on the graph. Sugar consumption in the U.S. 2009-2019 Pounds(Billions) 2009 21.82 2010 22.48 2011 22.26 2012 22.92 2013 23.58 2014 23.80 2015 23.80 2016 24.20 2017 24.09 2018 24.20 2019 24.25 Sugar production in the U.S. 2009-2019 Pounds(Billions) 2009 15.87 2010 15.65 2011 16.97 2012 17.85 2013 16.97 2014 17.30 2015 17.98…Answer d and e only
