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S=20+20P and D = 100-20P are Home's supply and demand curves for wheat. * S = 40 + 20P and D = 80-20P are Foreign's supply and demand curves for wheat. With free trade the price of wheat is $ (Enter your response rounded to the nearest penny.) Suppose home imposes a specific tariff of $0.50 on wheat. Home consumers will now pay $ and foreign's export price is $ (Round your responses rounded to the nearest penny.) Now assume that foreign is a much larger country. Specifically, Foreign's demand curve for wheat is D = 800-200P. Its supply curve is S = 400 + 200P. * With free trade the price of wheat is $ (Round your response rounded to the nearest penny.) Suppose Home imposes a specific tariff of $0.50 on wheat. Home consumers will now pay $ (Round your response rounded to the nearest penny.) $ In which case does the tariff create the greatest terms of trade gains? When Home is and foreign's export price is

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The following graph shows the domestic demand for and supply of oranges in Guatemala. The world price (Pw) of oranges is $550 per ton and is displayed as a horizontal black line. Throughout the question, assume that all countries under consideration are small, that is, the amount demanded by any one country does not affect the world price of oranges and that there are no transportation or transaction costs associated with International trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. PRICE (Dollars per ton) 820 790 760 730 700 670 640 610 580 550 520 0 Domestic Demand 1 Domestic Supply PW 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of oranges) A tariff set at this level would raise (~.) ? If Guatemala is open to International trade In oranges without any restrictions, it will import Suppose the Guatemalan government wants to reduce imports to exactly 60 tons of oranges to help…

Topic 3 Assignment The following graph shows the domestic supply of and demand for maize in Bangladesh. Bangladesh is open to international trade of maize without any restrictions. The world price (Pw) of maize is $245 per ton and is represented by the horizontal black line. Throughout this problem, assume that the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. 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. 470 Supply 420 305 X I I Demand I PRICE (Dollars perton) 445 245 720 D P W 40 80 120 150 200 240 280 320 350…

Assuming the market outcome, and a world price of $6.50 calculate the following:  Price Qddom Qsdom Imports or exports

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

The United States imports a lot of cars, despite having its own auto industry. Each of the following statements are arguments some people could make for restricting imports of cars into the United States. For each statement, identify the threat to the U.S. industry that the argument is trying to counter, and identify the opportunities that would be given up if the argument wins. SELECT THE CORRECT ANSWER a. “Foreign manufacturers are offloading their cheap cars onto the U.S. market. We should stop this so that consumers have access to higher-quality U.S. cars.” -National security requires that strategically important goods be produced domestically. -Protection can help infant industries develop. -Foreign competition may lead to job losses. -Anti-dumping laws prevent unfair competition. -Trade should not enable foreign firms to skirt U.S. regulations.   b. “We must foster the innovation of small car companies, like Tesla. Allowing foreign electric vehicle manufacturers…

If the world price the price you can get for a box of your contact lenses is greater than the domestic equilibrium price of $120 will you increase or decrease your quantity supplied of contact lenses