Reference no: EM13734463
1. Subsidies to domestic firms may lead to
A) An increase in prices
B) Higher volume of exports
C) Higher volume of imports
D) Increase in welfare of the trading partner
2. Export quotas, placed on Japanese auto shipments to the United States in the 1980s, led to rising prices of both Japanese autos and U.S.-produced autos purchased by the U.S. consumer.
A) True
B) False
3. Figure 1 illustrates the demand and supply schedules for calculators in Mexico, a small nation that is unable to affect the world price.
What are the market price, the quantity supplied by Mexican producers, Qs, and the quantity demanded by Mexican consumers, Qd, if this market is at equilibrium without international trade.
A) P = 3.50, Qs = 10, Qd = 110
B) P = 6, Qs = 40, Qd = 80
C) P = 8, Qs = 40, Qd = 80
D) P = 8, Qs = 60, Qd = 60
4. Based on Figure 1, at equilibrium without international trade, Mexico's producer surplus equals the area
A) c2 + b1 + b2
B) c2 + c3 + c4
C) c1 + c2 + c3 + c4
D) a1 + a2 + a3
|
Utility function characterizing preferences
: Ted’s utility function characterizing preferences over apples and bananas is U a,b= 4a + 6b^2. . How many apples does Ted demand if Pa= .5 and Pb=1 , and he has $10 to spend?
|
|
Annual investments in a fund
: Suppose you make 30 annual investments in a fund that pays 4% compounded annually. If your first deposit is $6,000 and each successive deposit is 4% greater than the preceding deposit, how much will be in the fund immediately after the thirtieth depo..
|
|
Mexicans producers at equilibrium with international trade
: Based on Figure 1 if the Mexcian government imposes a per-unit tariff of $2.5 on calculators, the total quantity of calculators produced by Mexicans producers at equilibrium with international trade is
|
|
Equilibrium with free international trade in the market
: Based on Figure 1, at equilibrium with free international trade in the market for calculators the price per calculator in Mexico is the world price P = $3.50. When the price is P=$3.50 what is the quantity supplied by Mexician producers, Qs and what ..
|
|
Market is at equilibrium without international trade
: Subsidies to domestic firms may lead to. What are the market price, the quantity supplied by Mexican producers, Qs, and the quantity demanded by Mexican consumers, Qd, if this market is at equilibrium without international trade.
|
|
Describe ethical and social issues that affect organization
: Describe two ethical and/or social issues that affect this organization. What, if anything, does this organization do to respond to or address these issues? What else could it do to be more socially or ethically responsible
|
|
Determine areas for improvement
: Evaluate the efficiency and effectiveness of the process selected in Week Two using the data collected. Determine areas for improvement
|
|
After allowing for transportation costs and tariff duties
: The practice of Canadian firms dumping their products in Sweden poses a problem for economic policymakers since dumping tends to: If import licenses are auctioned off to domestic importers in a competitive market, their scarcity value (revenue effec..
|
|
Review the article why study history by peter n stearns
: Review the article "Why Study History?" by Peter N. Stearns. Reflect on the reasons discussed in this article about why we should study history. Which of the reasons mentioned do you relate to most?
|