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:

Behaving

Acting in a manner according to certain standards, rules, or expectations in social contexts.

Heteronomous Morality

The first stage of moral development in Piaget’s theory, occurring from 4 to 7 years of age. Justice and rules are conceived of as unchangeable properties of the world, beyond the control of people.

Immanent Justice

The belief, often held by children, that moral behavior is immediately rewarded and immoral behavior is immediately punished.

Autonomous Morality

The second stage of moral development in Piaget’s theory, displayed by older children (about 10 years of age and older). The child becomes aware that rules and laws are created by people and that, in judging an action, one should consider the actor’s intentions as well as the consequences.