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Retake Trade

Quiz by Ian Cornell

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14 questions
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  • Q1
    No Aid, No Violation
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    30s
  • Q2
    Solve for total deadweight loss after the implementation of the quota.
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    120s
  • Q3
    What is the total consumer expenditure under free trade/no protection?
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    120s
  • Q4
    How much additional revenue did the domestic firm make after the quota.
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    120s
  • Q5
    If no trade existed what would be the revenue of the domestic firm?
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    120s
  • Q6
    Solve for the monetized value of deadweight loss stemming from inefficiently produced goods?
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    120s
  • Q7
    What is the amount of government revenue generated from the tariff?
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    120s
  • Q8
    How much revenue have foreign firms lost because of the tariff?
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    120s
  • Q9
    How many fewer units are consumed after the tariff is implemented?
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    120s
  • Q10
    What is domestic firm revenue under free trade?
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    120s
  • Q11
    What is the value of the government's opportunity cost?
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    120s
  • Q12
    How many fewer units does the foreign firm supply after the subsidy?
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    120s
  • Q13
    What is the difference in units consumed before and after the subsidy?
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    120s
  • Q14
    How much additional revenue does the domestic firm gain because of the subsidy?
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    120s

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