Use the following to answer questions:
Figure: The Market for Calculators 
-(Figure: The Market for Calculators) Look at the figure The Market for Calculators. Assume that S and D represent the domestic demand and supply of calculators. The world price, PW, equals $100. The government imposes a quota restricting imports to 25 calculators. If import licenses are granted to foreigners, the net loss due to the import quota is equal to area:
Definitions:
Net Transfers
The difference between the total transfers into an economy, such as remittances and foreign aid, and the total transfers out.
Current Account Balance
The balance of trade between a country and its trading partners, reflecting the difference between exports and imports of goods and services.
Foreign Corporation
A company that is registered and operates in a country different from the country where it was incorporated, subject to the laws and regulations of the host country.
Insurance
A financial product that transfers the risk of financial loss from an individual or entity to an insurance company in exchange for premium payments.
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