Scenario 9-2 • for a Small Country Called Boxland,the Equation of the of the Domestic

question 287

Multiple Choice

Scenario 9-2
• For a small country called Boxland,the equation of the domestic demand curve for
cardboard is ,
where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard.
• For Boxland,the equation of the domestic supply curve for cardboard is ,
where represents the domestic quantity of cardboard supplied,in tons,and again
represents the price of a ton of cardboard.
-Refer to Scenario 9-2.Suppose the world price of cardboard is $45 and international trade is allowed.Then Boxland's consumers demand

• A)110 tons of cardboard and Boxland's producers supply 75 tons of cardboard.
• B)110 tons of cardboard and Boxland's producers supply 96 tons of cardboard.
• C)96 tons of cardboard and Boxland's producers supply 75 tons of cardboard.
• D)96 tons of cardboard and Boxland's producers supply 96 tons of cardboard.

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Definitions:

Wagner

A reference to theories postulated by Robert A. Rescorla and Allan R. Wagner on conditioning processes, focusing on the associative strength between stimuli and responses.

Unconditioned Response

An automatic, natural response to an unconditioned stimulus that requires no learning.

Pavlov

A Russian physiologist best known for his work in classical conditioning, particularly with the conditioned response of salivation in dogs.

Conditioned Response

A learned reaction to a previously neutral stimulus due to repeated association with an unconditioned stimulus.