Consider Countervailing Duties

Q4

State H provides general subsidies to all of its export manufacturers by means of low cost loans, foreign currency exchange guarantees, and discounted prices for fuel and electricity purchased from the state's energy monopoly. HowdyDoo Company, a State H manufacturer of shampoos that has taken advantage of all of these subsidies, exports its goods to State I, where its products are in direct competition with those of several local manufacturers. State is manufacturers have complained to their government, asking the government to impose a countervailing duty on HowdyDoo Company.

Both State H and State I are members of the WTO.

Should the countervailing duty be imposed?

Q5

State C is a major exporter of lumber products (especially plywood) to State U. State C's lumber companies are able to manufacture and sell their products in State U inexpensively because (unlike State U) State C's government charges only a nominal fee for cutting lumber in its national forest. In State U, on the other hand, the cutting fee is substantial, adding 15-20 percent to the cost of the finished lumber product. One of State U's plywood lumber companies, Multi-Ply Inc, has lost much of its market share in State U due to imports from State C. Multi-Ply Inc has complained to State U's government, arguing that State C is unfairly subsidizing its lumber companies by charging such a low forest cutting fee. Multi-Ply Inc would like State U's government to impose a countervailing duty on imports of plywood from State C. May State U do so? Note that both State C and State U are members of the WTO.

Q6

The Snicker Company, the largest manufacturer of Snickerdoodles in State F, decided about two years ago to enter the cookie market in State G. Several small companies in State G manufacture Snickerdoodles, but the market has traditionally been very small. When Snicker Company entered State G's market, Snicker Company undertook a widespread advertising campaign to promote Snickerdoodle consumption and to encourage consumers to try its product by publishing coupons in newspapers that allowed purchasers to buy Snicker's Snickerdoodles below their actual cost. As a consequence on this campaign, the sales of Snickerdoodles in State G have skyrocketed. In addition the sales of Snickerdoodles manufactured by State G firms have more than tripled. State G's Snickerdoodle manufacturers are, nonetheless, displeased because their market share has gone from 100 percent to 30 percent in two years. Concerned with this loss, State G firms have asked State G to impose anti-dumping duties on Snicker, since its Snicker doodles are being sold below cost. Both State F and State G are members of the WTO. Should State G impose anti-dumping duties on Snicker?

ing Time: 55 minu Question Completion Status: Moving to another question will save this response. Question 8 State whether the data are best described as a population or a sample. From the 2011 Canadian Census, we learn that 3.8% of the Canadian population is Aboriginal. O population O sample both Oneither Moving to another question will save this response. MacBook AirCause and Effect with Correlations When two variables have a statistical correlation, we cannot tell the direction of causation (which variable might be causing changes in the other). In the following diagrams, X and Y are variables that are statistically correlated. These diagrams illustrate some of the possible cause/effect relationships, [For simplicity, the correlation we shown as positive. These causal pattern sho apply to negative correlations, ] Please label each diagram with the appropriate term: Indirect spurious reverse moderator direct mediator reciprocal third variable X causation X Y causation X Y causation TX Y causation X cousation Y relationship 1 x)[Question 1 2 points Save Answer An inflationary gap is the amount by which: O Equilibrium GDP falls short of the full-employment GDP. O Aggregate expenditures exceed any given level of GDP. O Saving exceeds investment at the full-employment GDP. O Aggregate expenditures exceed the full-employment level of GDP. Question 1 of 20QUESTION 15 Which of the following is true? The Okun Gaps are much larger than the Lucas Wedge. Real GDP fluctuates around potential GDP. Real GDP never equals potential GDP. Nominal GDP fluctuates around real GDP. C Potential GDP fluctuates around nominal GDP. QUESTION 16 Choose which statement is most correct. Real GDP must always equal potential GDP. At times, real GDP can exceed potential GDP. Real GDP can never exceed potential GDP. C Nominal GDP can never exceed potential GDP. Nominal GDP must always equal potential GDP. QUESTION 17 The real minimum wage rate C has generally decreased during the 1970s and 1980s and has fluctuated around a $6 per hour average since the mid-1980s. C was at its highest level in 1995. has stayed in the range between $6 and $5 (measured in 2009 dollars per hour) since 1967. fell after 1967 until it reached a minimum around 1985 and has generally risen since then. has generally increased since 1967.Question 33 (2 points) The money supply is O the amount of money in circulation. limited to currency and coins. the rate at which the Federal Reserve Board prints currency. O the rate at which the Federal Reserve Board creates money. Question 34 (2 points) What are the two features of money that distinguish it from all other goods in the economy? Money is accepted as a medium of exchange and it is the common unit of account used to express prices. Money is part of every barter transaction and it is divisible. Money is government issued and it is redeemable for gold or silver. O Money is a common unit of account and it is also can be traded for other currencies at a guaranteed exchange rate. Question 35 (2 points) Money is a and a transaction is a O stock; stock Oflow, flow stock; flow Oflow; stock Question 36 (2 points) The transactions demand for money is unrelated to nominal Gross Domestic Product (GDP), Ovaries directly with nominal Gross Domestic Product (GDP). Ovaries inversely with nominal Gross Domestic Product (GDP). Ovaries negatively with nominal Gross Domestic Product (GDP). Question 37 (2 points)