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Author Question: The Gains and Losses to an Exporting CountryThe graph shows the market for Swiss chocolates in ... (Read 76 times)

Rafic Kaaki

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on: Nov 23, 2022
The Gains and Losses to an Exporting Country

The graph shows the market for Swiss chocolates in Switzerland.
 

Assume that P1=$4.00, P2=$5.00, P3=$8.25, P4=$14.75, Q1=75, Q2=105, and Q3=300. With international trade, producers in Switzerland produce ________ chocolates at a price of ________.  ________ chocolates are sold at home and ________ chocolates are sold abroad. In Switzerland, ________ gain and ________ lose.
◦ 75, $8.25, 300, 75, consumers, producers
◦ 75, $5.00, 300, 75, producers, consumers
◦ 300, $8.25, 75, 225, producers, consumers
◦ 300, $5.00, 75, 225, consumers, producers
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Rafic Kaaki on Nov 23, 2022

StephaniaF

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Reply #1 on: Nov 23, 2022
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Rafic Kaaki

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Reply 2 on: Nov 23, 2022
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