User Account

All Pages

Canadian production-consumption-government revenue

Assignment Help Macroeconomics
Reference no: EM131334424

Assume Canada is a small open economy that imports some of the grapes it consumes.

a) Draw a diagram showing the equilibrium under free trade in grapes

b) Show the effects of a $1 per kg tariff on imported grapes.

Show the effect on : imports, Canadian production, consumption, the government's revenue, the change in (Canadian) producer surplus, consumer surplus, and total surplus.

c) What would be the effect of replacing the import tariff with an import quota? Which would be better? Explain.

Reference no: EM131334424

Questions Cloud

What were cash from operations : Determine the missing pieces of this balance sheet:  Kenny’s Total Current Assets? Kenny’s Total Assets? Kenny’s Total Current Liabilities? What were cash from operations? How much cash was (used) or generated from investing activities? How much cash..
Paper about lebenon : A paper about Lebenon Talk about Lebanon but the most important thing that the research must be 4 pages and 7 sources
Athenian redistribution was entirely centric : "All large-scale economies ... were run with the help of the principle of redistribution". (Polanyi, 1957: 51). Discuss with reference to Greece. (Athens). Include mention of whether or not Athenian redistribution was entirely centric.
Determine the error probability for an fh spread spectrum : The interference on the channel is AWGN. The FSK demodulator outputs are square-law-detected and passed to the decoder, which performs optimum soft-decision Viterbi decoding as described in Chapter 8. Assume that the hopping rate is 1 hop per code..
Canadian production-consumption-government revenue : Show the effect on : imports, Canadian production, consumption, the government's revenue, the change in (Canadian) producer surplus, consumer surplus, and total surplus. What would be the effect of replacing the import tariff with an import quota? ..
Compare the stated annual rate to the effective annual rate : Compare the stated annual rate (r) to the effective annual rate (EAR). What relationship exists between compounding frequency and the stated and effective annual rates?
How much time was spent on commercials or advertisements : How much time was spent on commercials or advertisements, weather, sports - Write what was reported on and instead of health & Aging issues!)
Calculate the equilibrium prices and quantities : (a) If ABC is able to engage in international dumping, calculate the equilibrium prices and quantities in each market as well as their profits. (b) In the absence of international dumping, calculate the equilibrium price and quantity as well asthei..
Impact of the event on the homeland security landscape : Using your CIKR paper from week 3, continue the risk analysis of your CIKR being impacted by a natural disaster, terrorism or technological event.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate what level of output this monopolistic competitor

Calculate what level of output this monopolistic competitor should produce if he/she wishes to maximize profits.

  Agents of political socialization

Explain "political socialization" and "agents of political socialization."Describe your personal political socialization. Briefly discuss your current political values, beliefs, and opinions, and explain how (through political socialization)

  Optimal pricing for an aggregate demand curve

The table below shows the hypothetical prices and quantities demanded of a software product. Assume that the fixed cost of setting up the production of software is $200 and the marginal cost is $5.

  Formulate a linear programming model

Formulate a linear programming model for this problem, clearly defining the decision variables and listing the objective function and all of the constraints.

  What is the growth rate of money

The real growth in the output of the economy is +1.5%, inflation is 2.0%, what is the growth rate of money (the velocity of money is constant? What would happen if velocity was increasing by 1% What would make it increase?

  What is the real gdp

Suppose you are given the following data: What is the real GDP for 2013?

  Discuss the importance of the consumers role in the economy

Financial markets make it possible for those who have saved money to earn a reward by providing the financing for business formation and expansion. Business owners can seek financing through the stock market, the bond market, or the banking sector..

  Suppose that ex is the exchange rate between the us dollar

suppose that ex is the exchange rate between the u.s. dollar and the chinese yuan in that ex indicates the number of

  You want to invest in a hot dog stand near the ballpark you

you want to invest in a hot dog stand near the ballpark. you have 0.35 proability that you can turn your currnt 15000

  Eluciadte what is the justice department policy regarding

Eluciadte what is the Justice Department policy regarding mergers involving firms involved in Horizontal Integration.

  Write down an expression for profits of the firm

Write down an expression for profits of the firm - Use the demand function to substitute for Yi in the expression for profits.

  1 why does inflation make nominal gdp a poor measure of the

1. why does inflation make nominal gdp a poor measure of the increase in total production?2. which component of gdp

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd