Good Y A B A to E A to B D to C Country 1 C to E D E Good X Good Y A Country 2 To find the amount of exports for country 2, the distance between which two points are used? E B с D Good X
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- How does protectionism affect the price of the protected good in the domestic market?WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIESClipboard Image lools Shapes 100 200 300 400 500 600 700 800 900 1000 1100 The following diagram is for Country A based on the Ricardo madel. Wheat (millions) 30 Terms of Trade E 15 PPF Corn 25 30 50 (millions) Refer to the figure above. Imports of this country equal O 25 million corns O 50 million corns O 15 million wheat O eat 30 million wh +1503, 451px 1 1024 x 744px 1L 1688 × 1240px P Type here to search 1009
- $ 14 SMexko 8 9 3 2 Price World Tarriff Price world 0 10 40 60 80 110 ONexico Pocket Calculators Refer to Figure. How many calculators would Mexico import with free trade. O 40 calculators O 60 calculators O 80 calculators O 100 calculatorsIn the following diagram, Sao and D are the domestic supply and demand for a product and Poisthe world price of that produc. Sisthe product supply after an import quota is imposed. Soo Si A Pa 8 P. E Po CH15シ Xy Z Quantity Refer to the figure above to answer the following question. Assuming there is no tariff, the imposition of the import quota: will increase the revenues of foreign producers by area F+ J leads to an extra revenue to forcign producers equal to arcas G + H, which partly counteracts the loss they bear because of lower quantitics supplied will increase the revenuce of the Canadian government by areas G+H will increase the revenues of foreign producers by area E will increase the revenue of the Canadian government by areas E + F - G+H+J1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time.2._______ The ability to produce a specific product moreefficiently than any other nation.3._______ Selling and shipping raw materials or products toother nations.4._______ The ability to produce a specific product moreefficiently than any other product.5._______ All business activities that involve exchangesacross national boundaries.6._______ The total flow of money into a country minus thetotal flow of money out of that country over thesame period of time.7._______ A tax levied on a particular foreign product entering a country.8._______ A complete halt to trading with a particular nationor in a particular product.9._______ An international barter transaction.10. _______ An internationally supported bank that providesloans to developing countries to help them grow.a. countertradeb. foreign exchange controlc. multilateral development bank (MDB)d. absolute advantagee. import…
- Who gains from imports? O Consumers. O Producers O Overall the nation benefits from it. O A and C.(a) With the help of a graph, explain how the quantities of exports and imports of a country canbe determined in a two-country and two-goods world. (b) Explain with the help of a graph theeffect of an increase in the relative price of the exported good of a country on its welfare.nternational trade benefits a nation whena. its revenue from selling abroad exceeds itsoutlays from buying abroad.b. its trading partners experience reduced economicwell-being.c. all nations are specializing in producing whatthey do best.d. no domestic jobs are lost because of trade.