Can I get help answering the following questions?

1.One difference between the effects of a tariff and a quota is that the:

a. The government receives a tariff revenue in the case of a tariff but may or may not receive any revenue under a quota.

b. Price of imported good increases only in the case of a tariff.

c. Price of domestically produced good increases only in the case of a tariff.

d. Price received by both the domestic producer as well as the foreign supplier increases in the case of a tariff.

2.Assume that we establish a quota on Cuban cigars exactly equal to the number of cigars that would be imported under a specific tariff. As a result, the price of Cuban cigars in the U.S. would be 20. Assume that we establish a quota on Cuban cigars exactly equal to the number of cigars that would be imported under a specific tariff. As a result, the price of Cuban cigars in the U.S. would be________the price under the tariff.

a. the same as

b. lower than

c. higher than

d. higher or lower than - depending on how the U.S. domestic market responds

3.Suppose that the opportunity cost of producing a personal computer in the U.S. is one large screen television. In Canada, the opportunity cost of large screen television is two personal computers. Should trade take place? If so, which good should each country produce?

a. We don't know without knowing the absolute or comparative advantage.

b.No, trade should not take place.

c. Yes, Canada should produce computers; the U.S. should produce TVs.

d. Yes, Canada should produce TVs; the U.S. should produce computers.

4.With normal supply and demand in a market, an increase of $100 in a tax per good sold will do what in a market? The equilibrium quantity will______________while the amount received per unit by the producers will change by______________.

a. increase; less than $100

b. increase; $100

c. decrease; less than $100

d. decrease; $100

5.Suppose the economy is experiencing an output gap of -3%. (multiple answers)

a. The Fed can reduce the interest rate that will shift the MP curve down and increase GDP.

b. The government can increase its spending or reduce taxes that will shift the IS curve to the right and increase GDP.

c. Firms can increase production that will shift the IS curve to the right and increase GDP.

d. The Fed can increase the interest rate that will shift the MP curve up and reduce GDP.

e. The government can increase taxes that will shift the IS curve to the left and reduce GDP.