Question

uestion 8

The USMCA is not designed to do which of the following?

	a.	To extend NAFTA for five more years
	b.	To reactivate NAFTA that was dormant for some years
	c.	To add to NAFTA and then keep the same NAFTA name
	d.	To eliminate NAFTA completely and then form a completely new agreement named USMCA
	e.	None of the above

uestion 21

The attached diagram represents market for Sugar for a hypothetical country named Sugarland where Pw is the free trade price and Pt is the price under tariff. If tariff is removed by Sugarland on sugar imports under an economic integration agreement, which one of the following would represent revenue loss to home government due to the removal of tariffs?

$xid-17310153_1$

	a.	area c
	b.	area a + area b + area c + area d
	c.	area b + area d
	d.	area a + area b + area c
	e.	area a

uestion 46

In the attached graph for a hypothetical country Sugarland, what is the estimated value of consumer surplus under quota solution as shown by price Pq?

$xid-17310095_1$

	a.	$1,000.00 million
	b.	$1562.50 million
	c.	$2,250.00 million
	d.	$562.50 million
	e.	$250.00 million

please answer these now. ty

Answer 1

1. D

To eliminate NAFTA completely and then form a completely new agreement named USMCA

2.c.

Area b + area d

3.250 million