4. Effects of a tariff on international trade
The following graph shows the domestic supply of and demand for maize in Burundi. The world price (Pw) 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 before any exporting or importing takes place.
If Burundi is open to international trade in maize without any restrictions, it will import _______ tons of maize.
Suppose the Burundian government wants to reduce imports to exactly 20 tons of maize to help domestic producers. A tariff of $_______ per ton will achieve this.
A tariff set at this level would raise $_______ in revenue for the Burundian government.
a ) If Bangladesh opens to international trade then at the world price they will import 80 units because at the world price the local demand is 90 and local production is 10 only.
b) if they want to reduce the imports to 40 only the they will have to put a tariff of 50, then demand will be 30 and local supply will be 70 remaining 40 will be imported form the world market.
c) Tariff would raise = 50 x 40 = 2000 as revenue.
The following graph shows the domestic supply of and demand for maize in Burundi. The world price (Pw) of maize is $240 per ton and is represented by the horizontal black line.
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...
The following graph shows the domestic supply of and demand for
oranges in Jordan. The world price (PW) of
oranges is $760 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 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...
4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for maize in Bangladesh. The world price (Pw) of maize is $245 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...
4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for soybeans in Venezuela. The world price ( PW ) of soybeans is $540 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 soybeans and that there are no transportation or transaction costs associated with international trade in soybeans. Also, assume that...
9. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for maize in Panama. The world price (Pw) of maize is $270 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...
4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for oranges in New Zealand. The world price (Pw) of oranges is $780 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...
5. Effects of a tariff on international
trade
The following graph shows the domestic supply of and demand for
oranges in New Zealand. New Zealand is open to international trade
of oranges without any restrictions. The world price (PWPW) of
oranges is $760 per ton and is represented by the horizontal black
line. Throughout this problem, assume that the amount demanded by
any one country does not affect the world price of oranges and that
there are no transportation or...
The follawing graph shows the domestic supply of and demand for oranges in Bangladesh. The world price (Pw) of oranges is $760 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 ocin costs ssociated with international trade in oranges. Also, assume that domestic 1165 Domesic Demand 1120 1075 1030 Domestic Supply + 985...
4. Effects of a tariff on International trade The following graph shows the domestic supply of and demand for oranges in Jordan. The world price (Pw) of oranges is 5760 per tonne 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...
> Only thing right is the 80 tons the 300 should be 75 and the 1200 should be 1500
Valerie Person Thu, Feb 3, 2022 1:53 PM