The table above has the domestic demand and domestic supply schedules for a good. If the world price of the good is $10 and international trade occurs, then according to the table
Question 12 options:
|
the country imports 6 units a day. |
|
|
domestic production is higher before trade than after trade. |
|
|
the country exports 22 units a day. |
|
|
the country imports 16 units a day. |
|
|
the country exports 6 units a day. |
Homework Answers
Answer
Option 5
the country exports 6 units a day
=====
the world price is $10
where
Qd=16 and Qs=22
Qs>Qd so the country is an exporter
Export =Qs-Qd=22-16
=6 units
Add Answer to:
The table above has the domestic demand and domestic supply
schedules for a good. If the...
Figure 9-12 Price Domestic Supply World Price Domestic Demand 200 400 600 800 1000 1200 1400...
Figure 9-12 Price Domestic Supply World Price Domestic Demand 200 400 600 800 1000 1200 1400 Quantity 62. Refer to Figure 9-12. With trade allowed, this country a. exports 200 units of the good. c. imports 200 units of the good. b. exports 400 units of the good. d. exports 800 units of the good. 63. Refer to Figure 9-12. With trade, the domestic price and domestic quantity demanded are a. $18 and 400. c. $14 and 400. b. $18...
The following table is domestic supply and demand schedules for a product. Suppose that the world...
The following table is domestic supply and demand schedules for a product. Suppose that the world price of the product is $1. Quantity demanded (domestic) Quantity supplied (domestic) Price $3 10 17 Refer to the above data. The total amount of revenue collected from a $1 per unit tariff on this product will be: (Type in only numbers. NO dollar sign.) Your Answer:
The demand for vans in a certain country is given by: D = 12 300 − 240P where P is the price of a van. Supply by domestic van producers is: S = 6700 + 60P. a) Assuming that the economy is closed...
The demand for vans in a certain country is given by: D = 12 300 − 240P where P is the price of a van. Supply by domestic van producers is: S = 6700 + 60P. a) Assuming that the economy is closed, find the equilibrium price and production of vans. b) The economy opens to trade. The world price of vans is 20 units. Find the domestic quantities demanded and supplied, and the quantity of imports or exports. Who...
(1.67pts) 3) Figure 9-21 The following diagram shows the domestic demand and domestic supply for a...
(1.67pts) 3) Figure 9-21 The following diagram shows the domestic demand and domestic supply for a market. In addition, assume that the world price in this market is $40 per unit. Domestic Supply R388822aa8an Domestic Demand 2400 2300 Quinny 400 300 1200 1600 2000 Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the good. exports 400 units of the Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the...
1 Price + + Domestic Supply + + + World Price + + + + +...
1 Price + + Domestic Supply + + + World Price + + + + + + + + Domestic Demand + + + + + 2400 2800 Quantity 400 800 1200 1600 2000 + + Domestic Demand + + + + + + 2400 2800 Quantity 400 800 1200 1600 2000 Refer to Figure 9-12. With trade allowed, this country a imports 400 units of the good. b. exports 1,600 units of the good. c. exports 400 units of...
(1p )Figure 9-24 The following diagram shows the domestic demand and supply in a market Assume...
(1p )Figure 9-24 The following diagram shows the domestic demand and supply in a market Assume that the world price in this market is $20 per unit Price Supply 80 60 50 30 20 10 Demand Quantity 35 40 25 15 20 5 10 Refer to Figure 9-24. With free trade. the country 30 70 40 35 40uara Refer to Figure 9-24. With free trade, the country exports 20 units of the good. imports 20 units of the good. exports...
The following graph shows the domestic supply of and demand for oranges in Jordan. The world...
The following graph shows the domestic supply of and demand for oranges in Jordan. The world price (Pw) of oranges is $800 per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible...
The demand and supply for automoblles In a certain country is given In the graph below....
The demand and supply for automoblles In a certain country is given In the graph below. The world price of automobles is $8,000. a. Assuming that the economy Is closed, find the equilibrium price and quantity of automobles. Instructions: Indicate the equilibrium price and quantity using the tool "Equilibrium* by clicking on the appropriate Intercept on the given graph. Market for Cars Price of cars (S) 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 Tools...
The following graph shows the domestic supply of and demand for maize in Panama. The world...
The following graph shows the domestic supply of and demand for
maize in Panama. The world price (PWPW) of maize is $240 per ton
and is represented by the horizontal black line. Throughout the
question, assume that the amount demanded by any one country does
not affect the world price of maize and that there are no
transportation or transaction costs associated with international
trade in maize. Also, assume that domestic suppliers will satisfy
domestic demand as much as possible...
This table indicates the US domestic demand and supply schedules for commercial jet airplanes. Suppose that...
This table indicates the US domestic demand and supply schedules for commercial jet airplanes. Suppose that the world price of a commercial jet airplane is $100 million. Price (millions) Quantity of Jets Demanded Quantity of Jets Supplied $120 100 1000 110 150 900 100 200 800 90 250 700 80 300 600 70 350 500 60 400 400 50 450 300 40 500 200 Without trade, how many commercial jet airplanes does the US produce, and at what price are...
Figure 9-12 Price Domestic Supply World Price Domestic Demand 200 400 600 800 1000 1200 1400 Quantity 62. Refer to Figure 9-12. With trade allowed, this country a. exports 200 units of the good. c. imports 200 units of the good. b. exports 400 units of the good. d. exports 800 units of the good. 63. Refer to Figure 9-12. With trade, the domestic price and domestic quantity demanded are a. $18 and 400. c. $14 and 400. b. $18...
The following table is domestic supply and demand schedules for a product. Suppose that the world price of the product is $1. Quantity demanded (domestic) Quantity supplied (domestic) Price $3 10 17 Refer to the above data. The total amount of revenue collected from a $1 per unit tariff on this product will be: (Type in only numbers. NO dollar sign.) Your Answer:
(1.67pts) 3) Figure 9-21 The following diagram shows the domestic demand and domestic supply for a market. In addition, assume that the world price in this market is $40 per unit. Domestic Supply R388822aa8an Domestic Demand 2400 2300 Quinny 400 300 1200 1600 2000 Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the good. exports 400 units of the Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the...
1 Price + + Domestic Supply + + + World Price + + + + + + + + Domestic Demand + + + + + 2400 2800 Quantity 400 800 1200 1600 2000 + + Domestic Demand + + + + + + 2400 2800 Quantity 400 800 1200 1600 2000 Refer to Figure 9-12. With trade allowed, this country a imports 400 units of the good. b. exports 1,600 units of the good. c. exports 400 units of...
(1p )Figure 9-24 The following diagram shows the domestic demand and supply in a market Assume that the world price in this market is $20 per unit Price Supply 80 60 50 30 20 10 Demand Quantity 35 40 25 15 20 5 10 Refer to Figure 9-24. With free trade. the country 30 70 40 35 40uara Refer to Figure 9-24. With free trade, the country exports 20 units of the good. imports 20 units of the good. exports...
The following graph shows the domestic supply of and demand for oranges in Jordan. The world price (Pw) of oranges is $800 per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible...
The demand and supply for automoblles In a certain country is given In the graph below. The world price of automobles is $8,000. a. Assuming that the economy Is closed, find the equilibrium price and quantity of automobles. Instructions: Indicate the equilibrium price and quantity using the tool "Equilibrium* by clicking on the appropriate Intercept on the given graph. Market for Cars Price of cars (S) 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 Tools...
The following graph shows the domestic supply of and demand for
maize in Panama. The world price (PWPW) of maize is $240 per ton
and is represented by the horizontal black line. Throughout the
question, assume that the amount demanded by any one country does
not affect the world price of maize and that there are no
transportation or transaction costs associated with international
trade in maize. Also, assume that domestic suppliers will satisfy
domestic demand as much as possible...
Most questions answered within 3 hours.
-
Consider the quantum number sets listed below.
What is the name of the smallest element for...
asked 8 minutes ago -
In python,write a function nameSet(first, last) that takes a
person's first and last names as input,...
asked 2 hours ago -
How do you think we should value management? Specifically how
might we try to determine MRPL...
asked 2 hours ago -
Suppose the Central Bank of Turkey starts to pay
interest on reserves. Under what circumstances this...
asked 2 hours ago -
For Bergson the concept of Being contains less reality than does
the concept of Becoming. True...
asked 3 hours ago -
What is the hydroxide ion concentration, [OH-], in a solution
with a hydronium ion concentration, [H3O+]...
asked 3 hours ago -
What species is the reducing agent in the following
equation?
Mg(s) + 2HCl (aq) --> MgCl2(aq)...
asked 3 hours ago -
A 50g ice cube is taken out of a freezer at 0 degrees Celsius
and put...
asked 5 hours ago -
How do ratios help you determine trends? What specific
information do managers look at? Is there...
asked 5 hours ago -
A wavelength of 514 nm is used to find an unknown diffraction
grating. If the separation...
asked 5 hours ago -
Use the central limit theorem to find the mean and standard
error of the mean of...
asked 5 hours ago -
You will be given a file that will contain averages for classes
which are divided into...
asked 5 hours ago