« previous next »

Author Question: The change in the economic welfare of a country associated with an increase in a tariff equals A) ... (Read 51 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
The change in the economic welfare of a country associated with an increase in a tariff equals
 
  A) efficiency loss - terms of trade gain.
  B) efficiency gain - terms of trade loss.
  C) efficiency loss + tax revenue gain.
  D) efficiency loss + tax revenue gain + terms of trade gain.
  E) efficiency loss - tax revenue gain.

Question 2

Imagine that there are two countries, Home and Far Far Away, and that residents of each own only one asset, domestic land yielding an annual harvest of mangoes. Assume that the yield on the land is uncertain.
 
  Half the time, Home's land yields a harvest of 5,000 tons of mangoes at the same time as Far Far Away's land yields a harvest of 2,500 tons. The other half of the time the outcomes are reversed. The average for each country mango harvest is A) 2500.
  B) 2750.
  C) 3500.
  D) 3750.
  E) 3000.


AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change Distance from Initial Change in Membrane Potential vs. Voltage Change Relative to Initial Change
Elaboration Likelihood Model of Attitude Change Elaboration Likelihood Model of Attitude Change
Climate Change: Volcanoes Climate Change: Volcanoes
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Social Capability and Economic Growth Social Capability and Economic Growth
economic question (having trouble) economic question (having trouble)
Video: Role of transport in a cell

For a complete list of videos, visit our video library