the home country sets the tariff (t), producers in the world market who export to the home country, receive _______ per unit sold. Group of answer choices Pw P* P*+t
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After the home country sets the tariff (t), producers in the world market who export to the home country, receive _______ per unit sold.
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- Q) The demand and supply functions for a product in two large countries are given as: Country A Country B Qd = 56 - 4P Qd = 110 – 4P Qs = -4 + 2P Qs = -10 + P The importing country imposes an ad valorem tariff of 20%. Calculate the change in consumer surplus, producer surplus, government revenue and social welfare after the imposition of tariff in the importing nation.If Bolivia is open to international trade in maize without any restrictions, it will import tons of maize. Suppose the Bolivian government wants to reduce imports to exactly 120 tons of maize to help domestic producers. A tariff of per ton will achieve this. A tariff set at this level would raise in revenue for the Bolivian government. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Nontariff barriers lower prices of both imports and import-competing goods Group of answer choices True False
- If international trade is allowed and price of certain commodity internationally is below of the domestic market’s price a. government will gain. b. Producer will gain. c. In case of tariff government will gain. d. we will have exports .e. all but dIf a small nation has a domestic supply of Q = 10 + 10(P) and a domestic demand of Q = 100 – 5(P) while the world price is $5, what would be the total revenue on a $5/per unit tariff? a. 0 b. 65 c. 110 d. UnknownIf international trade is allowed and price of certain commodity internationally is below of the domestic market’s price a.. government will gain. b. Producer will gain. C. In case of tariff government will gain. d. Foreign provider will gain e. all but b
- If the world price of turkey is greater than the nation's autarky coffee price. Will opening to trade decrease consumer surplus of the domestic turk producersThe demand and supply functions for a product in two large countries are given as: Country A Country B Qd = 56 - 4P Qd = 110 – 4P Qs = -4 + 2P Qs = -10 + P The importing country imposes an ad valorem tariff of 20%. Calculate the change in consumer surplus, producer surplus, government revenue and social welfare after the imposition of tariff in the importing nation.A country imposing a tariff can benefit in terms of social welfare if A. The terms-of-trade benefit exceeds the sum of production and consumption distortion loss. B. The tariff revenue exceeds the sum of production and consumption distortion loss. C. The consumer surplus loss is less than the producer surplus gain. D. The terms-of-trade benefit exceeds the consumer surplus loss. Explain and include diagram
- Consider the following situation: The world price of oranges is $15 per bushel. The domestic supply of oranges is 100 + 2(P) and the domestic demand for oranges is 500 – 5(P). Assume for now that this is a small nation that is not able to affect the world market. Show specific results How would a tariff of $10 per bushel affect this nation?The world price of oranges is $15 per bushel. The domestic supply of oranges is 100 + 2(P) and the domestic demand for oranges is 500 – 5(P). Assume for now that this is a small nation that is not able to affect the world market. How would a tariff of $10 per bushel affect this nation? (Consider gains and losses)True or False: If a country is open to international trade, the domestic price can differ from the international price.