12. What happens to the wage relative to rental rate of capital in the Foreign country? Does the change confonn to the StolperSamuelson theorem? 13. Describe the distributional effects of trade. Who are the absolute winners and losers? Justify each of your answers. a. Capital owners in Foreign (win, lose or ambiguous) b. Workers in Foreign (win, lose or ambiguous) c. Workers in Home (win, lose or ambiguous) d. Capital owners in Foreign (win, lose or ambiguous) Part Three, continued A. (20 points) Show graphically and explain this country's market for walnuts, contrasting the market if there is free trade with the market if the set of government policies (tariff and ung quota) is in place. In comparison with free trade, show graphically and explain the gainers and the losers in the country as a result of the set of government policies, and how much each group gains or loses. $/kg Tenlew apubomoela 2.00 uis anbha Ji call ano vent woy all kg B. (7 points) It is now necessary for the government to rescind one of the two policies. The other policy can stay in place as it is. (That is, if the tariff is removed, then the import quota remains in place at 80 million kilograms per year. If the import quota is removed, then the tariff of 40% remains in place.) If you are a walnut producer in this country, which policy would you prefer to remain in place, or are you indifferent or unsure? Explain. [Note: Any use of or reference to a graph is at your option.]PART THREE (27 points) A small country imports walnuts. The country's domestic demand curve Ddam is a downward- sloping straight line and the country's domestic supply curve Ssom is an upward-sloping straight line, as shown in the graph on the next page. show spit dive ne Chathos al Pasig niet (aloup The price of walnuts on world markets is $2.00 per kilogram. The best estimates are that with free trade domestic consumption would be 240 million kilograms per year, and domestic production would be 50 million kilograms per year. The country's government does not permit free trade. Rather, the government currently has the following set of policies toward imports: The government imposes a tariff rate of 40% on walnut imports, and The government also imposes an import quota of 80 million kilograms of walnuts imported per year. The government has awarded the license rights to import the quota amount of walnuts to a set of established wholesalers. There is no separate payment to the government for the license rights. (The walnut-importing firms do not themselves also produce walnuts.) With these policies in place, the domestic price is $3.40 per kilogram of walnuts. [In your answer to question A of this part of the exam, use the graph, or one like it, adding any lines, curves, or labels that you need.] [The questions for this part of the exam are on the next page. ] soup sco ord nord bovorst ai Trial silloi er farT) et lian spotquit vale no vollog toriko sell boris become of moup noquit bidi'll tsov naq erugolil noiflim Of is badly ni enicmet (soply ni enismor stop to This ni breton of aslang boy bluowe vailog doidw .citapoo eidr at woubone tunlew's gin wow I! [ nougo woy do ei siming a ol portals to To sen YA ook]PART THREE (27 points) A small country imports walnuts. The country's domestic demand curve Ddam is a downward- sloping straight line and the country's domestic supply curve Ssom is an upward-sloping straight line, as shown in the graph on the next page. show spit dive ne Chathos al Pasig niet (aloup The price of walnuts on world markets is $2.00 per kilogram. The best estimates are that with free trade domestic consumption would be 240 million kilograms per year, and domestic production would be 50 million kilograms per year. The country's government does not permit free trade. Rather, the government currently has the following set of policies toward imports: The government imposes a tariff rate of 40% on walnut imports, and The government also imposes an import quota of 80 million kilograms of walnuts imported per year. The government has awarded the license rights to import the quota amount of walnuts to a set of established wholesalers. There is no separate payment to the government for the license rights. (The walnut-importing firms do not themselves also produce walnuts.) With these policies in place, the domestic price is $3.40 per kilogram of walnuts. [In your answer to question A of this part of the exam, use the graph, or one like it, adding any lines, curves, or labels that you need.] [The questions for this part of the exam are on the next page. ] soup sco ord nord bovorst ai Trial silloi er farT) et lian spotquit vale no vollog toriko sell boris become of moup noquit bidi'll tsov naq erugolil noiflim Of is badly ni enicmet (soply ni enismor stop to This ni breton of aslang boy bluowe vailog doidw .citapoo eidr at woubone tunlew's gin wow I! [ nougo woy do ei siming a ol portals to To sen YA ook]p17403805 - Rov. Sep 2018 WCLN.ca" 8. Now, using kinematics combined with your answer above, determine the initial velocity of the car based on the length of the skid marks. State any assumptions made as clearly as possible, Calculate Initial velocity, ve. of car. 19 Given information and assumptions V = 0 be it as to Vr Vo +2ad Come to a stop V.