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Unit 3B Quiz 4

Unit 3B Quiz 4

Q Question 1 1 / 1 pts Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Qs is domestic quantity supplied and Qd is domestic quantity demanded. Refer to the given data. At a world price of $2: Question 2 1 / 1 pts Refer to the diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. With free trade, that is, assuming no tariff, the outputs produced by domestic and foreign producers respectively would be: Question 3 1 / 1 pts Refer to the diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. With a PcPt per-unit tariff, per-unit revenue received by domestic and foreign producers respectively will be: IncorrectQuestion 4 0 / 1 pts Refer to the diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. A tariff of PcPt will: Question 5 1 / 1 pts Refer to the diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. Sd + Q is the product supply curve after an import quota is imposed. A quota of wy will:

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