By practicing price discrimination, the firm would realize profits totaling ?

A. $160,000
B. $420,000
C. $540,000
D. $660,000

With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

A. 1,600 computers, decrease, increase
B. 1,600 computers, increase, decrease
C. 1,200 computers, decrease, increase
D. 1,200 computers, increase, decrease

From the perspective of the American public as a whole, export subsidies levied by overseas governments on goods sold to the United States ?

A. Help more than they hurt
B. Hurt more then they help
C. Are equivalent to an import quota
D. Are equivalent to an export quota

The reason for dumping is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?

A. More elastic in japan, more substitutes are available from other nations
B. More elastic in japan, fewer substitutes are available from other; nations
C. More inelastic in japan; more substitutes are available from other; nations
D. More inelastic in japan; fewer substitutes are available from other nations

With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?

A. 20 calculators increase
B. 25 calculators decrease
C. 25 calculators increase
D. 30 calculators increase

The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?

A. 200, $2,000, 100 $1,000
B. 300, $1,800, 800 $800
C. 300, $1,800, 400 $800
D. 500, $1,400, 400 $800

Under a tariff- rate quota ?

A. The within-quota tariff rate exceeds the over-quota tariff rate
B. The over-quota tariff rate exceeds the with-quota tariff rate
C. The within-quota tariff rate equals the over-quota tariff rate
D. The within-quota tariff rate plus over-quota tariff rate equal 100 percent

Nontariff trade barriers could include all of the following except ?

A. Domestic content laws
B. Government procurement policies
C. Health, safety, and environmental standards
D. Antidumping/countervailing duties applied to imports

A tariff-rate quota is essentially a ?

A. Two tier tariff applied to a country’s imports
B. Three-tier tariff applied to a country’s imports
C. Two tier quota applied to a county’s exports
D. Three tier quota applied to a country’s exports

The form of international price discriminations (dumping) normally associated with economic recession or excess inventories in the exporting nation is known as ?

A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping