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- The figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted. Price Domestic price with subsidy World price World price with subsidy Di So Quantity The consumption effect of the export subsidy is shown by area(s) d. Ob. O (d +i+ j). O (b +f+ g).The figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted. Price e D D₁ Da O d. O b. O (d+i+j). O (b + f + g). Si Domestic price with subsidy -World price World price with subsidy Quantity The production effect of the export subsidy is shown by area(s)The figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted. Price aib f D D₁ h So Si Sa Da O The producer surplus falls by area (a + b). O The producer surplus increases by area (a + b +c+d). The producer surplus falls by area (a+b+c+e+f+g+h). O The producer surplus increases by area (a + b + c). Domestic price with subsidy World price World price with subsidy Quantity What is the net impact on the producer surplus of the export subsidy provided by the domestic government?
- Explain how an export subsidy is theoretically meant to work. Think of the application to “infant industryCountry C imports 80,000 metric tons of steel from Country U and produces domestically80,000 metric tons per year. The world price of steel is $500 per metric ton. Assuming linearschedules, research analysts estimated the price elasticity of domestic supply to be 0.50 and theprice elasticity of domestic demand to be -0.25 in the current market equilibrium. Country Cimposes an import duty of $150 per metric ton that caused the world price to fall by 10%. What are the terms of trade of the Country C steel market after the tariff was imposed? Explain the welfare effects of both countriesraded Assignment | Read Chapter 5 Back to Assignment Attempts: ܀ Average: 14 2. Comparing tariff, quota, and subsidy Aa Aa Which of the following statements regarding the effects of a tariff, quota, and subsidy are correct? Check all that apply. A subsidy involves smaller sacrifices in national welfare than occur under an equivalent tariff or quota. The direct cost of the subsidy is borne by foreign producers. A subsidy yields the same result for domestic producers as does an equivalent tariff or quota, but at a higher Copyright Notices cost. Tariffs and quotas distort choices for domestic consumers and cause less efficient home production. Terms of Use Due Tuesday 11.03.15 at 11:00 PM Privacy Notice Grade it Now Security Notice Save & Continge Accessibility
- Consider the effects of an export subsidy in a small country using the graph below Domestic Supply 7. P+s P Domestic Demand 10 18 35 41 Q What is domestic consumption with the export subsidy? O a. 8 units O b. 10 units Oc. 18 units O d. 41 unitsThe figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted. Price D D₁ Da Domestic price with subsidy World price World price with subsidy Quantity What is the net impact on the producer surplus of the export subsidy provided by the domestic government? The producer surplus increases by area (a+b+c+d).. The producer surplus falls by area (a + b). The producer surplus falls by area (a + b +c+e+f+g+h). The producer surplus increases by area (a + b + c).If a large country imposes a subsidy O the world price falls foreign importers gain O all available choices O foreign exporters lose
- There are two countries in the world (Home and Foreign). Home is a small exporter of cotton. The home country's government subsidizes cotton exports. Which of the following occurs due to the home export subsidy? Select all that аpply. The export subsidy creates deadweight loss in Foreign. The export subsidy reduces Home social welfare. The export subsidy creates deadweight loss in Home. The export subsidy improves Home's terms of trade.The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited. Price ($ per bushel) Sa (domestic supply curve) $180 $160 World price Da (domestic demand curve) 150 Quantity (millions of bushels) 40 60 120 With an export subsidy of $20 per bushel, the production effect of the export subsidy amounts to $1 billion. $2.2 billion. O $300 million. $200 million.Price per Saddle Domeslic Supply A B. P2 World Price Tariff P1 G Domestic Demand Q1 Q2 Q3 Q4 Quantity of Saddles Before the tariff is implemented, what is the size of consumer surplus? O A OA + B OA+B+ C + D + E + F OG+C