Domestic producers gain P/$ 25 15 10 because of the tariff. O a $50,000 O b. $75.000 O c. $150,000 Od $120,000 Sd 10 20 30 40 50 Sw+Tariff Sw Dd (Thousands)
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- C) Assume that UK would like to protect its agriculture sector. What measures should the UK government undertake to protect its farmers?Plz answer the all you definitely get upvote 1. When should a company ideally enter a foreign market? a) when the foreign market is saturated b) when the costs of labor and resources are higher than the domestic costs c) when the demand for the product declines in the domestic market d) when competition in the domestic market is the least 2. Which of the following hampers the growth of global economy? a) spread of capitalism around the world. b) encouraging protectionism c) terms and conditions of NAFTA 3. Companies that re willing or able to invest millions of dollars in operations abroad should ideally operate through _____? a) franchising agreements b) multinational corporations c) licensing agreements d) shell corporationsplease anwer ponit no:- 4, 3 and 2. (It will be nice if u answer all points)
- A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals to clear some of Sherwoods forest and grow com, but obtaining this additional economic output will have an environmental cost from reducing the number of trees. Table 12.11 shows possible combinations of economic output and environmental protection. Sketch a graph of a production possibility frontier with environmental quality on the horizontal axis, measured by the number of trees, and the quantity of economic output, measured in corn, on the vertical axis. Which choices display productive efficiency? How can you tell? Which choices show allocative efficiency? How can you tell? In the choice between T and R, decide which one is better. Why? In the choice between T and S, can you say which one is better, and why? If you had to guess, which choice would you think is more likely to represent a command-and-control environmental policy and which choice is more likely to represent a market-oriented environmental policy, choice Q or S? Why?What are the conditions under which a country may use the unsafe products argument to block imports?Are the gains from international trade more likely to be relatively more important to large or small countries?
- Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermined technologies. In the second approach, the U.S. government determines which technologies are cleaner and subsidizes their use. Of the two approaches, which is the command-and-control policy?Suppose the world price of clothing is $50 per unit. Domestic demand and domestic supply aredetermined by the following equations:Domestic Demand: p = 200 − 2qDomestic Supply: p = 20 + 3qwhere p and q represent price and quantity, respectively. Domestic government levies an ad valorem tariff rate of 100% 11. Under the 100% tariff protection, domestic economy’s national welfare is worth _____ or so.A) $1,250B) $2,850C) $3,025D) $4,73312. Under free trade, domestic economy’s national welfare is worth _________or so.A) $5,250B) $5,775C) $6,125D) $6,57513. Suppose that domestic economy moves from the initial free trade regime to the 100% tariffregime. Then the deadweight loss resulting from production inefficiency can be calculated at_________ or soA) $416.75B) $455.25C) $525.15D) none of the above8. Assume a no trade situation of a country, such as Country X, with an abundance of labor and scarce natural resources. With trade the domestic income distribution of the said country will favor:a. Natural resourcesb. Laborc. Both labor and landd. Neither labor nor land
