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Ukraine and Russia tax sunflower-seed exports in an effort to promote domestic production and export of sunflower-seed oil. Other smaller agricultural exporters with export taxes include Fiji (sugar), India (hides and skins), Uganda (coffee), Colombia (coffee), Costa Rica (bananas), Guatemala (coffee), and Malawi and Zimbabwe (cotton and tobacco)
Let us say that India imposes an export tax of $10 per unit on hides and skins. At the world price of hides and skins of $40 per unit of a certain type of animal skin, India's domestic production is 10 million units and it exports 5 million units. With the export tax, the domestic production falls to 9 million units and exports fall to 3.5 million units.
Draw a graph to analyze the welfare effects of this export tax.
Calculate:
(i) Change in Consumer Surplus
(ii) Change in Producer Surplus
(iii) Tax revenues
(iv) Deadweight loss.
Go to USA.gov (link given in the resources) and click Government Agencies and Elected Officials.
Is the company's claim reasonable? (Round your probability to four decimal places.)
If a governments money is backed by gold and global instability causes its mint parity rate to become too high and as a result the country falls into a depression, can the governments central bank fight the recession by increasing the money supply? E..
With respect to three goods- ice cream, green tea, and digital cameras, what does it mean when your preference for, and satisfaction gained from, these three goods are consistent with the assumptions of completeness, transitivity, and (What I call) t..
a. With specific examples in each case, differentiate between the concepts "Normative Economics" and "Positive economics".
q.a researcher investigating the uns millennium development goals looks at schooling in lusitania. he takes a sample of
1) Why is it important for safety professionals to have an understanding of EPA training requirements?
Why does the firm’s supply curve slope up in the long run (i.e. what assumption is employed to argue that the supply curve slopes up in the long run)?
There are two identical firms in the industry, which set their quantities produced simultaneously.
Indicate how the Federal Reserve would use each of the tree monetary policy tools to pursue an expansionary policy and a contractionary policy.
What is monthly difference in payments (PMT) and balance (BAL) after 80 payments and APR of a $500,000 FRM Loan at 3.96% w/ 1 point of fees with term and amortization of either 15 or 30 years?
Does either firm have a dominant strategy? Dominated? Is there a stable equilibrium?
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