Consider a small country with only three​ producers, X,​ Y, and​ Z, who produce​ ink, pen, and​ paper, respectively. Y uses ink​ (output of​ X) in its production of pens. X produces 1,457 liters of ink​ monthly, Y produces 57,291 pens​ monthly, and Z produces 14 metric tons of paper monthly. X sells all of the ink it produces to Y at a market price of ​$338 per liter. Y sells 43,385 pens at a market price of $0.59 per pen and stores the rest as inventory. Z sells all of its paper at the market price of ​$781 per metric ton.   The annual market value of production in this economy is ​$__?

Q: Trade Restrictions - Tariffs Directions: Answer the questions below based on the graph. Price $11.00…

A: Since you posted multiple subpart questions, we will provide the answer for first three subpart…

Q: Assume the nominal tariff rate on the imported input is 0.16 and the nominal tariff rate on an…

A: Given information are  ti=0.16, t=0.22 The formula for effective tariff  g=t-aiti1-ai            ...…

Q: Domestic demand for natural gas in a small economy is characterized by the equation P= 350-5Q,…

A: Given,  Domestic Demand  p = 350 - 5Q,         --------------1 Domestic Supply    Q = 0.5P + 35,…

Q: The United States currently imports all of its coffee. The annual demand for coffee by U.S.…

A: The coffee market is competitive in the U.S. it means that each firm are price taker.

Q: Assume the nominal tariff rate on the imported input is 0.16 and the nominal tariff rate on an…

A: Given  Nominal tariff rate on imported input ti = 0.16 Nominal tariff rate on imported final product…

Q: Egypt exports of soaps, lubricants, and waxes, to Kenya was US$22.63 Million during 2019,according…

A: Introduction: A franchise (or franchising) could be a technique of distributing products or services…

Q: image attached

A: QD = 25 - 0.5P When Price = 40 Quantity Demanded  QD = 25 - 0.5*40 QD = 25 - 20 QD = 5   When Price…

Q: Q3. Suppose the technologies available to countries A and B are given by the following table: S 4…

A: (Note: Since there are multiple questions, only part A has been solved).    (A) In a competitive…

Q: Suppose that a “pro-trade” government decides to subsidize the export of steel by paying $10 for…

A: Consumer surplus- It is the difference between willingness to pay and actually paid by consumers .…

Q: For a small country called Boxland, the equation of the domestic demand curve for cardboard isQD=…

A: Consumer surplus illustrates the utility or satisfaction realized by the producers from engaging in…

Q: P. 25 Sd- 15 P* a IP 10 Dd 0 3 6 12 15 18 21 24 19. If the free trade price is IP and this country…

A: Given, IP = free trade price Import Quota = 6 units

Q: consider the domestic demand for apples to be given by Qd= 25-0.5P and that apples can be imported…

A: Domestic demand, Qd = 25 – 0.5P International price for apple basket (P) = $40 per basket Price…

Q: The Closer Economic Partnership Arrangement (CEPA) dictates The terms in which the Hong Kong…

A: The Closer Economic Partnership Arrangement (CEPA) is a two-sided special understanding endorsed…

Q: Unions in developed nations often oppose imports from low- wage countries and advocate trade…

A: INTRODUCTION  No, this kind of rivalry isn't unequal. The Union and the people it represents are the…

Q: A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides…

A: Quotas refer to government policy that puts restrictions in value of goods and services of exports…

Q: Tariffs and quotas are costly to consumers because   the price of the imported good falls the supply…

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…

Q: The gains of domestic producers of the good exceed the losses of domestic consumers of the good.

A: Explanation: When a rustic permits trade associated becomes a businessperson of a decent, domestic…

Q: Under free trade, the quantity of smartphones produced by local producers in Country A is 15950 per…

A: An import quota is a limit on the amount of imports that can be brought into a particular country

Q: Under free trade, the quantity of smartphones produced by local producers in Country A is 20040 per…

A: An import quota is the maximum amount of imports in a country.

Q: No International Trade o Quantity Supplied Quantity Demanded Domestic Market Price Quantity Supplied…

A: Price Quantity supplied Quantity demanded 0 0 240 20 20 220 40 40 200 60 60 180 80 80 160…

Q: Let us consider the case of Good X in Malaysia. The demand and supply functions for Good X in…

A: QD = 361 - 2P QS = 23 + P World price = 70 Quota = 80

Q: Domestic Demand Domestic Supply Consumer Surplus Pw Producer Surplus O 45 90 135 180 225 270 315 380…

A: When Zealand allows free trade of lemons, the price of a ton of lemons in Zealand will be $800. At…

Q: The state that an competitive transportation costs and barriers to markets free of trade (such as…

A: Competitive markets: It refers to the market in which various items have been available in the…

Q: Country A currently imports solar panels at $30,000 each. The government is using only 10 percent of…

A: Answer a)    Country B would be successful in preserving the argument since it uses 70% of the…

Q: The domestic supply and demand equations for good A are given by Qs= P - 60 and Qd= 360-2P.  The…

A: From the given information: Qs= P - 60 and Qd= 360-2P The world price of the good is $90.…

Q: Suppose demand curve and supply curve of Product A in both countries are as follow: Country Demand…

A: Given; For Singapore:- Demand curve; P=76-2Q                       Q=76-P2Supply curve; P=52+2Q…

Q: Any goods, raw materials, or services that are produced in one country and then sold to another…

A: This is a common practice from the history.

Q: Indicate the impact of subsidies on the following: Imports: (Increase/Decrease) Prices:…

A: Subsidy refers to the payment made by the government to consumer or producer to encourage…

Q: Public spending means & Includes ? Select onev option Govt. five year plans expenditure foreign…

A: Public spending Public spending refers to the expenditure incurred by the government. In simple…

Q: Assume a government is considering import restrictions because imports are hurting a particular…

A: International trade agreements govern the exchange of goods and services between two or more…

Q: Q47 "Canadians, on average, are worse off when some manufacturing jobs migrate from Canada to…

A: Economics is the study of how society's limited resources are used. Economics is a social science…

Q: The cheap imports from China to Kenya come at a steep cost in terms of lost jobs and lower wages for…

A: The cheap imports from China to Kenya come at a steep cost in terms of lost jobs and lower wages for…

Q: For a small country called Boxland, the equation of the domestic demand curve for cardboard is QD =…

A: Answer to the question is as follows:

Q: Nation 1 - 400 million employees Nation 2 - 400 Million employees Nation 1 and 2 workers can…

A: Comparative advantage is the ability to produce a good at a lower opportunity cost than the…

Q: In the USA the unit labor requirement to produce TV and food are 40 and 1 respectively. In Japan the…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A small country can import a good at a world price of $10 per unit. The domestic demand and supply…

A: Note:- You have posted a question with multiple sub parts we will here only solve first two parts,…

Q: Consider a small country that exports steel. Suppose that a "pro-trade" government decides to…

A: A commodity subsidy is an approach embraced by thr government to empower products of labor and…

Q: The United States currently imports all of its coffee. The annual demand for coffee by U.S.…

A: In the competitive market structure, every firm produces and sells identical goods and therefore…

Q: Please explain the picture below.

A: Tariffs refer to the tax that the government or the governing institution of a country levies on the…

Q: Consider a small country that exports steel. Suppose that a “pro-trade” government decides to…

A: Answer   Export Subsidy refers to the policy introduced by the government to encourage the sale of…

Q: Image

A: Deadweight loss refers to the loss of economic efficiency when the outcome of equilibrium either is…

Q: consider the domestic demand for apples to be given by Qd= 25-0.5P and that apples can be imported…

A: In the question it is given that – QD = 25 – 0.5P The price for imports of Apple is $ 40 The…

Q: Because this country exports steel, the world price is represented by Suppose that a "pro-trade"…

A: Hi there , you have posted multiple questions and as per our guidelines we are only allowed to…

Q: A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides…

A: Equilibrium point in the market is the point where the total surplus in the market is maximum. Total…