Which of the following could be a cause for imports not decreasing despite policy measures taken? Select One: a) Imports constitute consumer goods b) Demand is elastic c) Goods are luxuries d) Imports constitutes capital goods e) Export demand is inelastic
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Which of the following could be a cause for imports not decreasing despite policy measures taken?
Select One:
a) Imports constitute consumer goods
b)
c) Goods are luxuries
d) Imports constitutes capital goods
e) Export demand is inelastic
Step by step
Solved in 4 steps
- The demand for U.S.-made cars in Japan is given as: Japanese demand = 10,000 - 0.001(Price of U.S. cars in yen). Similarly, the demand for Japanese-made cars in the United States is: U.S. demand = 30,000 0.2(Price of Japanese cars in dollars). The domestic price of a U.S.-made car is $20,000, and the domestic price of a Japanese-made car is ¥2,500,000. Instructions: If imports exceed exports, enter a negative value (-) for net export. a. If the nominal exchange rate is 100 yen per dollar, then the real exchange rate in terms of cars from the perspective of the United States is 0.8 and net exports of cars to Japan is -17000 b. The nominal exchange rate is 125 yen per dollar, then the real exchange rate in terms of cars from the perspective of the United States is ◆ and net exports of cars to Japan is -5000 c. Which of llowing correctly describes the effect(s) of an appreciation of the dollar on U.S. net exports of automobiles (to the Japanese market): OU.S. exports will decrease while…The domestic demand (Qpp) for wheat in the United States is estimated to be QDD=1430-55P, where the quantity of wheat is measured in millions of bushels per year. Suppose China also demands U.S. wheat (Qpc) and that its demand is given by QDc=1920-60P. What is the total demand for U.S. wheat, assuming the only two sources of demand are domestic and Chinese? The total demand for U.S. wheat is OA. Qp =3350-115P for all P. O B. Q =3350-115P for P≤ $26 and Qp = 1920-60P for P> $26. OC. Q=1920-60P for all P. O D. Q =3350-115P for P ≤ $32 and Qp =1430-55P for P> $32 E. Q =3350-115P for P≤ $26 and Qp =1430-55P for P> $26.The graph below shows domestic supply and demand for coffee in the U.S. Suppose that at any price, foreign suppliers of coffee will supply 50, 000 pounds. The "Domestic Supply + Imports" curve is misplaced. Re-position the curve to reflect the provided information. (Note that quantity is expressed in thousands of pounds on the graph.) Provide your answer below: 150 Demand -100- Domestic Supply (40,$50) Domestic Suppty+imports (50,$50 50 50 100 150
- The demand for Australian-made motorcycles in Japan is given by: Japanese demand = 10000 –0.001(price of Australian motorcycles in yen). Similarly, the demand for Japanese-made motorcycles in Australia is: Australian demand = 30 000 –0.2(price of Japanese motorcycles in dollars). The domestic price of an Australian-made motorcycle is $20 000, and the domestic price of a Japanese-made motorcycle is ¥2 500 000. From the perspective of Australia, find the real exchange rate in terms of motorcycles and net exports of motorcycles to Japan, if: a) the nominal exchange rate is 100 yen per dollar b) the nominal exchange rate is 125 yen per dollar. c) How does an appreciation of the dollar affect Australian net exports of motorcycles (considering only the Japanese market)?The domestic demand (Qpp) for wheat in the United States is estimated to be Q00 1430-55P. where the quantity of wheat is measured in millions of bushels per year. Suppose China also demands U.S. wheat (Qoc) and that its demand is given by Qọc =2100 -100P What is the total demand for U.S. wheat, assuming the only two sources of demand are domestic and Chinese? The total demand for U.S. wheat is O A. Qp 1430-55P for all P. O B. Qp =3530- 155P for P S $26 and Qp =2100-100P for P> $26. OC. Qp = 3530 - 155P for Ps $21 and Qp =2100 - 100P for P> $21. O D. Qp =3530 - 155P for Ps$21 and QD = 1430-55P for P>$21. O E. Qp = 3530 - 155P for all P.At these prices, q, equals and q₂ equals [ The total quantity supplied is
- Carefully evaluate: “The supply and demand for agricultural products are such that small changes in agricultural supply result in drastic changes in prices. However, large changes in agricultural prices have modest effects on agricultural output.” (Hint: A brief review of the distinction between supply and quantity supplied may be helpful.) Do exports increase or reduce the instability of demand for farm products? Explain.Problem #1 Below is the demand schedule for rice during the month of January 2021. Create the demand curve of the given schedule and determine the demand function. Table 4.1.5 Demand Schedule for Rice During January 2021 Point Price (Peso) Quantity Demanded (kg) 11 kg 17 kg 28 kg 35 kg 43 kg A P123.50 P114.50 P98.00 P87.50 E P75.50 Guided Questions: (1) What will be the amount of the demand if the price will continue to decrease from P75.50 to P20.00? (2) What is the corresponding price of a quantity demanded of 50 kg?Reciprocal demand depends upon: Select one: a) The price of imports b) A change in economic growth c) The elasticity of demand for another country's production d) The price of exports e) The elasticity of demand for the country's own production
- Demand for cookies is of the following form: P=20-4QD, where QD is millions of cookies demanded per year and P is price in US dollars. Supply of cookies of the following form: P=6+Qs, where QS is millions of cookies supplied per year and P is price in US dollars. a. What is the equilibrium quantity of cookies traded? Solve the equation, showing your work. b. Graph the supply and demand curves, marking their intersection. Be sure to label intercepts, equilibrium, etc. c. The government imposes a tax of $2 per cookie on producers of cookies. What is the new equilibrium quantity of cookies traded? Solve the equation, showing your work. d. In a graph, show how the supply curve has shifted. What price do consumers now pay? After paying the tax, how much to producers receive.The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions. Price ($) per pound (lb) of cocoa beans Price ($/lb) Cameroon quantity demanded (lb) Cameroon quantity supplied (lb) Nigeria quantity demanded (lb) Nigeria quantity supplied (lb) 8 180 500 155 210 7 200 460 180 180 6 250 410 200 160 5 280 360 220 140 4 320 320 240 125 3 350 280 260 115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries?The annual demand for imported oranges is given by the following equation:QD = 600,000 − 30,000Pwhere P is the price per kilogram and QD is quantity of kilograms demanded per year.The supply of imported oranges is given by the equation:QS = 20,000P Calculate the following: ii. the amount of revenues collected
