Retake Trade
Quiz by Ian Cornell
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14 questions
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- Q1No Aid, No ViolationUsers enter free textType an Answer30s
- Q2Solve for total deadweight loss after the implementation of the quota.Users enter free textType an Answer120s
- Q3What is the total consumer expenditure under free trade/no protection?Users enter free textType an Answer120s
- Q4How much additional revenue did the domestic firm make after the quota.Users enter free textType an Answer120s
- Q5If no trade existed what would be the revenue of the domestic firm?Users enter free textType an Answer120s
- Q6Solve for the monetized value of deadweight loss stemming from inefficiently produced goods?Users enter free textType an Answer120s
- Q7What is the amount of government revenue generated from the tariff?Users enter free textType an Answer120s
- Q8How much revenue have foreign firms lost because of the tariff?Users enter free textType an Answer120s
- Q9How many fewer units are consumed after the tariff is implemented?Users enter free textType an Answer120s
- Q10What is domestic firm revenue under free trade?Users enter free textType an Answer120s
- Q11What is the value of the government's opportunity cost?Users enter free textType an Answer120s
- Q12How many fewer units does the foreign firm supply after the subsidy?Users enter free textType an Answer120s
- Q13What is the difference in units consumed before and after the subsidy?Users enter free textType an Answer120s
- Q14How much additional revenue does the domestic firm gain because of the subsidy?Users enter free textType an Answer120s