Question 1 Import Quotas have all of the following effects, except: Raise the domestic price above the world price Reduce quantity below the free-trade level Lower consumer surplus Increase producer surplus Increased Investment
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- consider the domestic demand for apples to be given by Qd= 25-0.5P and that apples can be imported at an international price of $40 per basket. if the government percieves this price to be too high and decides to subsidize imports by $20 per basket. this policy will increase the imports of apples by ____ and create a deadweight loss of ____. a) 5 units, $20 b) 20 units, $800 c) 15 units, $50 d) 10 units, $100Hi, could you help me solve this problem? Desired demand is DD = C +Ip +G+NX, where consumption C = a+b(Y −T), Ip is planned investment, G government consumption and T net taxes. Y denotes domestic output. Net exports are NX = cY f − dY , where Y f is foreign output (output of export countries). Parameters a, b, c, and d are all strictly positive and b > d. In equilibrium, Y = DD. By how many units (e.g. billions of euros) does domestic equilibrium output increase if go- vernment consumption is increased by 1 one unit? (Hint: solve for equilibrium Y as a function of G.) How and why does international trade affect the fiscal multiplier?The nation of Bermuda is “small” and assumed to be unable to affect world prices. It importsstrawberries at the price of 10 dollars per box. The Domestic Supply and Domestic Demand curvesfor boxes are:S = 60 + 20PD = 1160 − 15P(a) if the import quota is 400 boxes then what is new equilibrium price.
- A country has 4,000 in domestic savings and firms spent 4,140 on new plant and equipment. The national budget surplus is 60. What must the country’s trade balance be?Suppose that a tariff is imposed on imported cheese. This will have the effect of __________ the quantity consumed of cheese, __________ consumers' surplus, and __________ the government's tariff revenues. Question 13 options: 1) increasing; decreasing; decreasing 2) decreasing; increasing; increasing 3) decreasing; decreasing; increasing 4) decreasing; increasing; decreasing 5) increasing; increasing; increasing2. Let assume China is the domestic country and the USA is the foreign country. An iPod is cost ¥612 in China and＄100 in USA. (1) Calculate the absolute PPP in China. (2) If the price in China is increasing to ¥650, calculate the absolute PPP in China and conclude the RMB is depreciating or appreciating? Hello, expert. According to Bartleby guidelines you should answer 1 question and 3 subquestions. Like. 1. A) B) C). don't hurry up and please give me full answers thank you very much .. like like like.
- Consider two countries, home and foreign and a single good, Y. Assume that home country imports good Y from foreign country. The import demand curve for good Y in home country is given by: MD = 170 – 2PY and the export supply curve for good Y in Foreign country is given by: EX = PY – 40. Part A. What is the free trade price of good Y? Show your work. Part B. How many units of good Y are traded under free trade? Show your work. Part C. If home country imposes a specific tariff of $15 per unit of good Y imported, what is the price of good Y that Foreign exporters receive? Show your work. Part D. If home country imposes a specific tariff of $15 per unit of good Y imported, what is the price of good Y that Home consumers pay? Show your work. Part E. If home country imposes a specific tariff of $15 per unit of good Y imported, how many units of good Y are traded now? Show your work. Part F. If home country imposes a specific tariff of $15 per unit of good Y imported, what is the tariff…Find the revised import expenditure given increased excess demand for manufactures in Figure 1.8. Suppose the international price rises to $6.25 and quantity traded rises to 300. Find the BOT using the export revenue in Figure 1.11.Suppose that the domestic demand and supply for milk in a small open economy are given by QD = 80 – P, QS = 40 + 2P, where P denotes price and Q denotes quantity. If the world price is $10, what is the free trade level of imports? The country imposes a quota of 4 units. Calculate and graph the following effects of an import quota: the increase in the domestic price; the quota rents; DWL. Graph
- The domestic demand and supply of some good is as follows: Qd = 100 - 0.5P Qs = P - 50 The world price (which will not be affected by anything that we do) is $60. Assume that the government imposes a tariff of $40 per unit. Calculate: (a) the domestic price that will result if the tariff is imposed (b) the dollar gain or loss to domestic consumers (c) the dollar gain or loss to domestic producers (d) the government revenue from the tariff (e) the deadweight loss from the tariffMost economists believe that tariffs area. a good way to promote domestic economicgrowth.b. a poor way to raise general economic well-being.c. an often necessary response to foreigncompetition.d. an efficient way for the government to raiserevenue.Suppose Egypt wants to open its trade borders tothe world market for natural gas. What will determine whether Egypt becomes a net-exporter ornet-importer of natural gas? If Egypt becomes anet-exporter, will domestic supply be equal to, lessthan, or greater than domestic demand?
