In the table below, you are given data for the country of Spruce. Net foreign factor income -29 Gross mixed income 140 Depreciation 164 Compensation of Employees 515 Indirect taxes (net of subsidies) 109 273 Gross operating surplus Taxes less subsidies on production a. The value of GDI (at market prices) is $ b. The value of NDI (at basic prices) is $ c. The value of (net) national income is $ 47
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- Economics 4. Depict on graph and briefly explain economic consequences of export subsidy: • for domestic exporters; • for domestic consumers; • for government budget; • for national economic welfare as a whole.00 7 F. PRICE (Dollars per ton) 4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for soybeans in Honduras. The world price (Pw) of soybeans is $530 per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of soybeans and that there are no transportation or transaction costs associated with international trade in soybeans. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. 2. Domestic Demand Domestic Supply 770 740 710 680 650 620 06 P, 530 MacBook Pro Search or type URL 4. 51 9.A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market. Price Quantity Quantity (dollars per unit) demanded supplied (billions of units per year) 10 25 0 12 20 20 14 15 40 16 10 60 18 5 80 20 0 100 Draw a graph (graph is for your own reference, not required to be attached in the answer sheet) to illustrate the U.S. supply and demand market for semiconductors. What is the price with free international trade? What is the quantity of semiconductors produced in U.S. and total quantity bought by U.S. people and the quantity exported from other countries?
- The graph depicts the market for oil, with the assumption that the United States can import any amount of oil it chooses at the world free trade price. Adjust the graph to reflect what happens when a 50% import tax is imposed on oil. Approximately how many million barrels are imported before the tax is imposed?Which of the following refer to duties and taxes imposed by the government on the goods imported fromabroad? Subsidies Quotas Tariff barriers Non-tariff bariersBTU, draw a diagram to illustrate how the develop- c. As a percent of total exports, rank the states in orda b. Calculate the growth in exports from 2002 to 2012 156 I PART 2 SUPPLY AND DEMAND C. Assuming natural gas prices in Europe are $6.00 per BTU, draw a diagram to illustrate how the develop- ment of a natural gas terminal in the United States will affect supply and demand in the natural gas market for Europe. Explain your findings. d. How will the exporting of natural gas from the United States to Europe affect consumers and pro0- ducers in both places? Note that most of the natural gas in Europe originates from Russia's state-owned natural gas company, Gazprom. Access the Discovering Data exercise for Chapter 5 online to answer the following 3. questions. a. Rank the states in order of exports to China. Rank in order of most to fewest exports. for each state. of most to least exports to Chino
- The country imposes a 50% tariff. Complete the following: Price Quantity Demanded Domestically Quantity Supplied Domestically Import/Export Quantity Imported/Exported Tariff RevenueWhich of the following refers to the direct restriction on the quantity of goods which are imported into acountry? Quotas Subsidies Tariff TaxesWhy do so few countries impose high tax rates on wealthy people and luury goods?
- WHICH IS THE TAX IMPOSED ON THE IMPORTS Explain it also thank youSuppose that in a country there are two firms A & B. during a period of time a) Firms A imports raw material costing Rs. 8000 and pays its workforce Rs. 16000 to produce output which it sells to firm B for Rs. 30,000. b) Firm 8 buys the otput of firm A for Rs. 30,000. And pays its work force Rs. 20,000 to produce output which it sells for Rs. 60,000 plus sales tax of Rs. 9000 out of their total income of Rs. 69,000. c) The workforce of firms A and B pay inomce tax of Rs. 5000 out of their total income of Rs. 36000 d) Firm A makes a pre-tax profit of Rs(30000 - 8000 - 16000) = 6000 and pays a profit tax of Rs. 2000 out of this. e) Firm 8 makos pre-tax profit of Rs(60000 - 30000 - 20000) = 10000 and pnys a profit tax of Rs. 3000 out of this, ) The governmont's tax income is salos tax of Rs. 9000, Income tax of Rs 5000 and profit tax of Rs. 5000, i.a. Rs. 19000 in total 8) Firm a and firm B pay their post tax profit of Rs 4000 and 7000 respectively as dividends to shorcholders h) The…1. If a company introduces a new program and finds that orders from wholesalers far exceed the number of units that are being produced, there is an ____demand and price can be expected to _. 2. Russia was affected by a significant draught. Russia is a major producer and exporter of several agricultural commodities. As a result of the draught, Russia reduced some of its agricultural exports. In the context of the world supply/demand model for the affected agricultural commodities we should observe: supply and ______demand. Explain the answer