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:

Instinctive Drift

The tendency of an animal to revert to instinctual behaviors that interfere with a conditioned response.

Conditioned Taste Aversions

This refers to the phenomenon where an organism, after consuming a particular food and subsequently experiencing illness, develops a lasting aversion to that food.

Biological Constraints

Limitations on learning processes that are determined by the nature of an organism's biological makeup.

Positive Punishment

An operant conditioning principle where the addition of a stimulus after a behavior makes the behavior less likely to happen in the future.