Note: don't use chat gpt Nation "A" decides to engage in trading with Nation "C". What will the surplus be forproducers of " A"? Hint: Creation means a gain, while diversion means a loss. a. creation willbe GIC b. diversion will be RTC c. creation will be EJC d. diversion will be EJCThe below is an economic model of nation "A", which wants to start tradingnationally. To import from Nation "B" is 3 dollars and from country "C" is 4 dollars. "A"decides there will be a set tariff of 2 dollars for every import.Price Demand109875321C00a. creation will be GICb. diversion will be RTCSupplyNation "A" decides to engage in trading with Nation "C". What will the surplus be forproducers of "A"? Hint: Creation means a gain, while diversion means a loss.c. creation will be EJCd. diversion will be EJCQuantity

A tariff is a kind of duty or tax that has to be paid by a domestic country to import any product…

2 Nation "A" decides to engage in trading with Nation "C". What will the surplus be for producers of "A"? Hint: Creation means a gain, while diversion means a loss. a. creation will be GIC b. diversion will be RTC c. creation will be EJC d. diversion will be EJC

2 Nation "A" decides to engage in trading with Nation "C". What will the surplus be for producers of "A"? Hint: Creation means a gain, while diversion means a loss. a. creation will be GIC b. diversion will be RTC c. creation will be EJC d. diversion will be EJC

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...

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Question

Note: don't use chat gpt

Nation "A" decides to engage in trading with Nation "C". What will the surplus be for
producers of " A"? Hint: Creation means a gain, while diversion means a loss. a. creation will
be GIC b. diversion will be RTC c. creation will be EJC d. diversion will be EJC
The below is an economic model of nation "A", which wants to start trading
nationally. To import from Nation "B" is 3 dollars and from country "C" is 4 dollars. "A"
decides there will be a set tariff of 2 dollars for every import.
Price Demand
10
9
8
7
5
3
2
1C
00
a. creation will be GIC
b. diversion will be RTC
Supply
Nation "A" decides to engage in trading with Nation "C". What will the surplus be for
producers of "A"? Hint: Creation means a gain, while diversion means a loss.
c. creation will be EJC
d. diversion will be EJC
Quantity

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