For a small country called Boxland, the equation of the domestic demand curve for cardboard isQD= 200 - 2P, where QD represents the domestic quantity of cardboard demanded, in tons, and P represents the price of a ton of cardboard. For Boxland, the equation of the domestic supply curve for cardboard is Q$ = -60 + 3P, where QS represents the domestic quantity of cardboard supplied, in tons, and P again represents the price of a ton of cardboard. Refer to Scenario 9-1. Suppose the world price of cardboard is $45. Then, relative to the no-trade situation, international trade in cardboard produces which of the following results for Boxland? O a. It decreases consumer surplus, increases producer surplus, and increases total surplus. Ob. It increases consumer surplus, decreases producer surplus, and increases total surplus. O C. It increases consumer surplus, decreases producer surplus, and decreases total surplus. O d. It increases consumer surplus, increases producer surplus, and increases total surplus.

The demand for U.S.-made cars in Japan is given as: Japanese demand = 10,000 - 0.001(Price of U.S. cars in yen). Similarly, the demand for Japanese-made cars in the United States is: U.S. demand = 30,000 0.2(Price of Japanese cars in dollars). The domestic price of a U.S.-made car is $20,000, and the domestic price of a Japanese-made car is ¥2,500,000. Instructions: If imports exceed exports, enter a negative value (-) for net export. a. If the nominal exchange rate is 100 yen per dollar, then the real exchange rate in terms of cars from the perspective of the United States is 0.8 and net exports of cars to Japan is -17000 b. The nominal exchange rate is 125 yen per dollar, then the real exchange rate in terms of cars from the perspective of the United States is ◆ and net exports of cars to Japan is -5000 c. Which of llowing correctly describes the effect(s) of an appreciation of the dollar on U.S. net exports of automobiles (to the Japanese market): OU.S. exports will decrease while…

You are provided with the following information about the Canadian turkey market:1. The world price of turkey is $5.2. The Canadian turkey market is currently (before the new trade agreement) protected by a tariffrate quota (TRQ) of the following format:a) the in-quota tariff is $1 per unitb) the import quota volume is 100 unitsc) the over-quota tariff is $10 per unit.3. An excess demand (ED) (for imports) function for turkey has been estimated as? = 28 − 0.14?.  Notes: Canada is a small importing country in the world market for turkeys. Answer the question below:  The Canadian government is considering reducing the in-quota tariff to $0.50. Modify the diagram for this market, and solve for the Canadian turkey price and the volume of imports. Label all relevant functions, axes, etc.

News Analysis: Dutch Disease. 2) Identifying symptoms of Dutch Disease

If the size of a tariff raises the price of an imported item $20 per unit which in turn reduces the quantity of imports by 10%, what would be the effect on the price of an imported item, if the Government imposed a 10% import quota, which requires imports to fall by 10%

Suppose the current price of a good is $125. At this price, the quantity supplied is 150 units, and the quantity demanded is 110 units. For every $1 decrease in price, the quantity supplied decreases by 5 units and the quantity demanded increases by 3 units. At the current price, the quantity demanded is _____  than the quantity supplied. This means that the market is currently experiencing a ______  . In order to adjust, the market price will ______   until the quantity demanded and quantity supplied are equal. The result is an equilibrium quantity of ________   and an equilibrium price of _______   .

1. Price controls in the Florida orange market The following graph shows the annual market for Florida oranges, which are sold in units of 90-pound boxes. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Florida Oranges 50 I Price (Dollars per box) 45 Supply 20 40 Quantity Demanded Quantity Supplied (Millions of boxes) 300 200 35 (Millions of boxes) I 30 25 20 15 Demand 10 50 100 150 200 250 300 350 400 450 500 QUANTITY (Millions of boxes) In this market, the equilibrium price is S per box, and the equilibrium quantity of oranges is million boxes. PRICE (Dollars per box)

A foreign firm sells smartphones to a home country. The demand for smartphones in the home country is given by the demand curve: Qd = 100 - 2P. The foreign firm ahs marginal cost of production of MC = 2 + Q. A) Calculate the equilibrium price and quantity of smartphones sold in the foreign market. Now, assume the home country opens for trade and has vertical import demand (and MR*) at P^x = $30. Assume the foreign firm will price discriminate. B) Calculate the firms overall output. C) Calculate the quantity and price in the foreign market. D) Calculate the quantity and price in the home market.

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