For question #2 first blank options are (20 thousand, 90 thousand, 60 thousand,
ID: 1162600 • Letter: F
Question
For question #2 first blank options are (20 thousand, 90 thousand, 60 thousand, 80 thousand, 40 thousand, 70 thousand, 30 thousand, 50 thousand, 10 thousand) the second blank is (3 million, 9 million, 11.25 million, 3.75 million, 4 million, 16 million)
2. Effects of a tariff on international trade Aa Aa The following calculator shows the domestic supply of and demand for chicken meat in Cameroon. Cameroon is open to international trade of chicken meat without any restrictions. The world price of chicken meat is $1,300 per ton and is represented by the horizontal brown line Throughout the question, assume that the amount demanded by any one country does not affect the world price of chicken meat and that there are no transportation or transaction costs associated with international trade in chicken meat. Also assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place Use the calculator to help you complete the following exercises. You will not be graded on any changes you make to the calculator Tool tip: Use your mouse to drag the green line on the graph. The values in the boxes on the right side of the calculator will change accordingly You can also directly change the value in the box with the white background by clicking in the box and typing. When you click the button labeled "Calculate," the graph and any related values will change accordingly PRICE (Dollars per tonl CALCULATOR 1750 1700 1650 1600 1550 1500 1450 1400 1350 1300 1250 Price [Dollars per tonl Domestic Demand 1550 40 Domestic Supply 60 [Thousands of tons [Thousands of tons 20 40 60 80 100 QUANTITY (Thousands of tons of chicken meat) Reset to Initial Values Calculate Given this information, Cameroon will import tons of chicken meatExplanation / Answer
Answer 1) Cameroon will import 20,000 tons of chicken meat as the differene between the Demand and Suppy is of 20,000 tons.
Answer 2) A tariff of $200 per ton will reduce the import to 20,000 tons.
Answer 3) The congresswoman is using the macroeconomics aspect argument/National security argument to justify the trade restriction on semiconductors.
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