The graph below shows the market for coffee in Small Republic. The horizontal line shows the world price of coffee. P (S/ton) $2,000 $1,800 World price 100 140 210 Q (tons) If international trade is allowed in Small Republic, will it a. import coffee or export coffee? Why? b. How much coffee will Small Republic im port/export? Explain who wins and who loses in Small Republic when C. international trade is allowed compared to when it is not. d. How do you reconcile your answer in (c) with the statement generally made by most economists: "free trade is better than no trade."

Kohl's takes its net sales and subtracts the cost of goods sold during the previous period. The result is Kohl's gross sales O net income O gross profit net margin O net purchases

The table below is extracted from Khada Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow.   Item Base year 2019 2020   Production Price Production Price Used cloth (units) 4,000 50.00 5000 60.00 Components used tractor factory production 8,000 500.00 11000 1,200.00 Cloth 8,000 25.00 12,000 30.00 Beef gifts during cultural festival 1,500 2.00 1,700 3.00 Milk litres 5,000 1.30 7,000 2.50 Computers 2000 500.00 2,500 600.00 Printers 500 300.00 400 355.00 Raw materials for car assembling plant 4500 250.00 4450     Calculate Khada Republic’s nominal GDP, real GDP in 2020 and GDP deflator Examine the importance of a GDP deflator for Khada Republic

The table below is extracted from HappylandRepublic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow.   Items Base year 2019 2020     Production Price Production Price Used cloth (units) 4,000 50.00 5,000 60.00 Components used tractor factory production (units) 8,000 500.00 11,000 1,200.00 Cloth (units) 8,000 25.00 12,000 30.00 Beef gifts during cultural festival (Kg) 1,500 2.00 1,700 3.00 Milk (litres) 5,000 1.30 7,000 2.50 Computers (Units) 2,000 500.00 2,500 600.00 Printers (Units) 500 300.00 400 355.00 Raw materials for car assembling plant (Units) 4,500 250.00 4,450 300.00   1. Calculate HappylandRepublic’s nominal GDP, real GDP in 2020. Also, calculate the GDP deflator if 2019 is used as the base year.                   2. Double counting must be avoided when measuring GDP. State and examine…

The table below is extracted from Happyland Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow.   Items Base year 2019 2020     Production Price Production Price Used cloth (units) 4,000 50.00 5,000 60.00 Components used tractor factory production (units) 8,000 500.00 11,000 1,200.00 Cloth (units) 8,000 25.00 12,000 30.00 Beef gifts during cultural festival (Kg) 1,500 2.00 1,700 3.00 Milk (litres) 5,000 1.30 7,000 2.50 Computers (Units) 2,000 500.00 2,500 600.00 Printers (Units) 500 300.00 400 355.00 Raw materials for car assembling plant (Units) 4,500 250.00 4,450 300.00   Calculate Happyland Republic’s nominal GDP, real GDP in 2020. Also, calculate the GDP deflator if 2019 is used as the base year. ANSWER:        Double counting must be avoided when measuring GDP. State and examine four…

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My 150 answer is incorrect. Please help me with question A. Thank you!.