Question
Offered Price $4.00

ECON 433 - For a small country that has a hard time

Question # 00621262
Subject: Economics
Due on: 11/24/2017
Posted On: 11/24/2017 05:22 AM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
91660
Tutorials:
91691
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

4. For a small country that has a hard time raising revenue from other sources the optimal policy is while if it has ample other sources of revenue the optimal policy is

a. a positive tariff; a zero tariff

b.a zero tariff; a positive tariff

c. an import subsidy; a zero tariff

d. a production subsidy; a positive tariff.


5. A tariff levied by a "large country"

a. raises its welfare no matter what the other country does.

b. raises its welfare in the absence of retaliation.

c. reduces the welfare of both countries when retaliation is taken into account. d. b and c above.


6. In a large exporting country, an export subsidy will

a. help producers and raise the overall economic welfare of the exporting country.

b. hurt consumers but raise the overall economic welfare of the exporting country. c. hurt consumers and lower the overall economic welfare of the exporting country.

d. help consumers but lower economic welfare of the exporting country.

e. help consumers and have no effect on the economic welfare of the exporting country.


7. If the product is imported under free trade, then a transition from autarky to free trade will domestic price, producer surplus, consumer surplus, and

overall domestic national welfare.

a. decrease; decrease; increase; increase

b. increase; increase; increase; increase

c. decrease; decrease; decrease; decrease

d. increase; increase; decrease; decrease

e. increase; increase; decrease; increase

Tags time hard country small econ increase welfare country decrease tariff exporting economic overall consumers zero subsidy help positive retaliation hurt raise free domestic lower trade large optimal sources revenue policy surplus raises price transition national

Tutorials for this Question
Available for
$4.00

ECON 433 - For a small country that has a hard time

Tutorial # 00619948
Posted On: 11/24/2017 05:23 AM
Posted By:
Best Tutors for school students, college students dr.tony
Expert tutors with experiences and qualities
Questions:
91660
Tutorials:
91691
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …For x small xxxxxxx…
Attachments
ECON_433_-_For_a_small_country_that_has_a_hard_time.ZIP (18.96 KB)
Preview not available.
Purchase this Tutorial @ $4.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
Loading...