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

question 78

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 $60.Then,relative to the no-trade situation,international trade in cardboard

• A)benefits Boxlandian consumers by $750 and harms Boxlandian producers by $660.
• B)harms Boxlandian consumers by $736 and harms Boxlandian producers by $598.
• C)harms Boxlandian consumers by $704 and benefits Boxlandian producers by $864.
• D)harms Boxlandian consumers by $804 and benefits Boxlandian producers by $984.

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Definitions:

Nocturnal

Describing organisms that are active during the night and rest during the day.

Rods

Photoreceptor cells in the retina of the eye that are sensitive to low light levels and are crucial for night vision.

Visual System

The part of the central nervous system which enables organisms to process visual detail, and includes the eye, the optic nerves, and the brain's visual cortex.

Rods

Photoreceptor cells in the retina of the eye that are responsible for vision at low light levels but do not mediate color vision.