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Micro 2.9-World Trade: Exports & Tariffs vs. Imports

Posljednje ažuriranje 10 months ago

15

Using the graph, assume that the government imposes a $1 tariff on hammers. Answer the following questions given this information.

1

Pitanje 1

1.

What is the domestic price of hammers after the tariff is imposed?

1

1

1

1

1

1

1

1

1

1

Pitanje 11

11.

With trade allowed, this country will export how many units?

1

Pitanje 12

12.

Consumer surplus before trade is

1

Pitanje 13

13.

Consumer surplus after trade is

1

Pitanje 14

14.

Producer surplus before trade is

1

Pitanje 15

15.

Producer surplus after trade is

Pitanje 2

2.

What is the domestic quantity demanded of hammers after the tariff is imposed?

Pitanje 3

3.

What is the quantity of hammers imported before the tariff?

Pitanje 4

4.

What is the quantity of hammers imported after the tariff?

Pitanje 5

5.

What would be the amount of consumer surplus before the tariff?

Pitanje 6

6.

What would be the amount of consumer surplus after the tariff?

Pitanje 7

7.

What would be the amount of producer surplus before the tariff?

Pitanje 8

8.

What would be the amount of producer surplus after the tariff?

Pitanje 9

9.

What would be the amount of government revenue because of the tariff?

Pitanje 10

10.

What would be the total amount of deadweight loss due to the tariff?