Describe a scenario in which a trade surplus benefits an economy and one in which a trade surplus is occurring in an economy that performs poorly. What key factor or factors are making the difference in the outcome that results from a trade surplus?

Q: If the United States imports more than it exports, it will have a: trade surplus, trade deficit,…

A: The balance of trade (BOT), also known as the trade balance, refers to the disparity between the…

Q: Gennifer Flowers knows that restricting trade in an attempt to get another nation to reduce their…

A: Consumer surplus denotes the benefits that the consumer derives through market participation. It is…

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: The graph depicts the market for oil, with the assumption that the United States can import any…

A: Consider the following figure:

Q: international trade  Consider an H-0 economy in which there are two countries (US and France), two…

A: Answer Consider the US as a Home country and France as a Foreign country.   Given that the US is a…

Q: Suppose you are hired as a consultant by the government to determine the impact of trade policies.…

A: Nominal tariff rate The nominal rate of protection is the proportion tariff imposed on a commodity…

Q: Consider a country that is open to trade. Although the country imports and exports goods and…

A: Trade: Exchange is an essential economic idea including the purchasing and selling of labor and…

Q: If you observed a country with a rapidly growing trade surplus over a period of a year or so,would…

A: While trade deficit is not always harmful for country growth, thus, rapidly growing country in trade…

Q: How much of one good exchanges for a unit of another good is known as Balance of Trade Terms of…

A: When countries engage in international trade, they exchange one good for other.

Q: When China's clothing industry expands, the increase in world supply lowers the world price of…

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

Q: Draw the supply-and-demand diagram for an importing country. What is consumer surplus and producer…

A: For an importing country, the domestic equilibrium price is higher than the world price.

Q: What is an export supply curve? What is an import demand curve? How do such curves relate to the…

A: Export demand curve: This is an upward sloping curve which represents the goods and services…

Q: Now find the free trade equilibrium, assuming no transportation costs or tariffs, by setting P = P*…

A: The answer of only (d) is given here. Free trade, in classical theory, is known as the best way to…

Q: Although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements…

A: The tariff is a kind of international trade restrictions imposed by the government to protect the…

Q: Which of the following is not a form of trade barrier?   A. tariffs   B. quotas   C. subsidies…

A: Trade barriers refer to the barriers imposed on the import and export of goods and services in an…

Q: A country imposing a tariff can benefit in terms of social welfare if The terms-of-trade benefit…

A: Tariff refers to the tax that imposed by the government on the imported goods in order to restrict…

Q: Consider an economy (with no international trade) in which the price level is constant where C = 500…

A: The equilibrium level of GDP is that point where the AE (aggregate expenditure) which is a straight…

Q: When China's clothing industry expands, the increase in world supply lowers the world price of…

A: The receiving country in export from the supplying country is referred to as an import. The defining…

Q: ) Suppose a small open economy cannot produce consumption goods or output that the government can…

A: Macroeconomics is a sub-part of economics that deals with the production, allocation, and…

Q: Japan generally runs a significant trade surplus.  Do you think this is most related to high foreign…

A: Answer: Correct option: High Japanese saving rate relative to Japanese investment.

Q: Pa P Pc W X y Quantity V Price

A: In the given graph, demand curve and supply curve are represented as Dd and Sd respectively.

Q: Which of the following trade policies limits specific quantity of goods to be imported at one tariff…

A: In an economy, there are various methods to reduce the amount of goods and services imported by the…

Q: Which of the following statements about international trade is true? Answers: A. On a…

A: True about international trade On a global scale,imports and exports cannot be equal due to…

Q: Carefully define and explain the meaning of “equilibrium terms of trade”

A: Equilibrium is the state of rest where the demand and supply curve in the market settles.…

Q: A country has a trade surplus of $20 billion with its trading partners over a year. Which change…

A: The answer is -  c. The country increases its imports by $30 billion.

Q: Which of the following is likely to occur if a tariff is imposed on the market? (Assume that the…

A: Imports refers to the difference between quantity supplied and quantity demanded. Imports occur when…

Q: S A Pw B Р. F E H I D Qe Q.

A: please find the answer below.

Q: Q95 The division of the gains from trade between two trading countries depends on the... a.…

A: The division of the gains from trade between two trading countries depends on the difference between…

Q: If a country closes off to trade and prices remain unchanged, what does that mean? A. Autarky…

A: When talking about autarky price, it is the price of goods and services of a country when it reaches…

Q: could lead to an imbalance of

A: The lopsidedness of import and product of a nation influences the equilibrium of exchange of that…

Q: Assume that you have been hired by an International Organization to be consulted on various issues…

A: The exchange of goods and services between countries is known as international trade. Consumers and…

Q: (Figure: Market for Engines) According to the figure, if there is international trade in this…

A: In the given graph, it can be seen that domestic equilibrium price and quantity is $600 and 600…

Q: QUESTION 5 Which of the following is associated with a trade surplus? O a. Domestic investment…

A: "According to the guidelines answer is given to the first question i.e. Question 5." 5) "Trade…

Q: Suppose Anguilla and Barbuda intend to trade 250 bananas (B) for 300 cocoa beans (C). In Anguilla,…

A: Hi, according to our guidelines we are allowed to answer only upto three subdivisions of a question…

Q: When China's clothing industry expands, the increase in world supply lowers the world price of…

A: *Answer:  When two countries trade with each other without any barriers, the countries are said to…

Q: Argentina and Brazil are considering the potential gains of trade. There is only one factor of…

A: Production possibilities frontier shows different combinations of two goods that can be produced…

Q: The United States has enjoyed a trade surplus during the last two decades.True or False

A: Balance of trade consists of visible trade of goods traded by the economy. It keeps track of the…

Q: Use the specific factor model to analyze a simplified version of a liberalization of trade between…

A: The equilibrium in the specific factor model occurs where the product of the price of the good and…