Business
Business, 01.05.2021 04:40, jaymoria16

Suppose the world price is​ $20. a. Is this country an exporter or an​ importer? A. exporter B. importer b. How many units of the good are​ exported/imported? nothing units c. Fill in the chart below. If your answer is​ negative, put a minus sign in front of the number. Area Before Trade Value After Trade Value Change Value Consumer Surplus ​$ nothing ​$ nothing ​$ nothing Producer Surplus ​$ nothing ​$ nothing ​$ nothing Total Welfare ​$ nothing ​$ nothing ​$ nothing d. Who gains when the country allows free international​ trade? A. consumers and the government B. consumers C. no one gains D. consumers and producers E. ​consumers, producers, and the government F. producers G. producers and the government H. the government Who loses from free trade in this​ case? A. the government B. no one gains C. consumers and the government D. producers E. consumers F. ​consumers, producers, and the government G. producers and the government H. consumers and producers ​Overall, is there a net gain or a net loss when the country moves from No Trade to Free​ Trade? A. net gain B. net loss What is the overall value of the gain or​ loss? ​$ nothing ​(if your answer is​ negative, put a minus sign before your​ answer).

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Suppose the world price is​ $20. a. Is this country an exporter or an​ importer? A. exporter B. impo...

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