Home D Consider a firm located next to a river whose production is highly pollutive. To avoid the costs of Syllabus treating its waste, the firm can dump it into the river. Suppose that the cost savings from not treating its waste but dumping it into the river are $2000. There is a village downstream that Announcements uses the water for many of the activities in the village. Assume that the dollar value of the Modules damage (costs to the villagers) of polluted water is $3000. Use this information to answer Media Gallery questions 38 - 40. Assignments Grades Discussions D 1 pts People Question 38 Student Rating of Teaching What is the efficient allocation? Library Course Materials lameCoach The firm should not be allowed to dump its waste into the river. Whether the firm is allowed to dump its waste into the river or not is irrelevant since both options yield the same level of total surplus. The firm should be allowed to dump its waste into the river. There is not enough information to answer the question. D Question 39 1 pts Suppose the government gives the firm the legal rights to pollute and then lets the firm and the externality problem? village do as they please. Which of the following are bargaining outcomes that would solve theD Question 10 What is Econland's position in the international market after it opens to trade? Econland is an importer of computer chips. There is not enough information to answer the question. Econland is both an exporter and an importer of computer chips. Econland is an exporter of computer chips. D Question 11 What is the change in consumer surplus when Econland allows for free trade of com relative to autarky? Consumer surplus increases by SCEU. Consumer surplus decreases by AFH. Consumer surplus decreases by BCHF. Consumer surplus decreases by FHR. Consumer surplus increases by FHYR.Consumer surplus increases by FHYR. labus nouncements Suppose that the government changes its international trade policy and, instead of allowing for dutes free trade, it implements an import tariff equal to KR per unit imported. Use this information together with the previous graph to answer questions 12 - 14. dia Gallery inments HEs issions D Question 12 1 pts nt Rating of What is the tariff revenue collected by the government? ing Course O LNUS. als KNXR. loach O CEUS. O LNXV. O KLVR. D Question 13 1 pts What is the change in total surplus in Econland associated with this policy? Total surplus decreases by KNYR.2023 Fall 105/08/2029-01/ Home What is the change in total surplus in Econland associated with this policy? Syllabus Announcements Total surplus decreases by KNYR. Modules Total surplus decreases by LVR. Media Gallery Total surplus decreases by NYX. Assignments Total surplus decreases by RLNY. Grades Total surplus decreases by LVR + NYX. Discussions People Student Rating of D Question 14 1 pts eaching brary Course aterials What is the change in producer surplus associated with this policy? meCoach Producer surplus decreases by KLR. Producer surplus increases by KLR. Producer surplus decreases by FHR. Producer surplus increases by FHR. Producer surplus increases by AYR. D Question 15 1 pts 1 the government immaend - sunte mivalent to LA this would immort the consumer and the1 pts 2623 For 108/08/ 2023-03 D Question 10 Home Syllabus What is Econland's position in the international market after it opens to trade? Announcements Modules Econland is an importer of computer chips. Media Gallery There is not enough information to answer the question. Assignments Econland is both an exporter and an importer of computer chips. Grades Econland is an exporter of computer chips. Discussions People Student Rating of Teaching D Question 11 1 pts Library Course Materials What is the change in consumer surplus when Econland allows for free trade of computer chips NameCoach relative to autarky? Consumer surplus increases by SCEU. Consumer surplus decreases by AFH. Consumer surplus decreases by BCHF. Consumer surplus decreases by FHR. Consumer surplus increases by FHYR. D Suppose that the government changes its international trade policy and instead of allowing forConsider the market for computer chips in Econland, where the demand and supply curves are represented in the graph below. Econland is a small open economy and it has liberalized trade in ents the market for computer chips. As a result, computer chips are traded at the world price in Econland. Use this information to answer questions 10 - 15. S D 33 C E B F H G K M N PWorld = R V W X Y 0 S T U Z Q D Question 10 1 pts What is Econland's position in the international market after it opens to trade?2029 Fast 108 08 2023-01/ Question 15 Home 1 pts Syllabus Announcements If the government imposed a quota equivalent to LN, this would impact the consumer and the producer surplus in the same way as in tariff of KR Modules Media Gallery True Assignments False Grades Discussions eople D Question 16 1 pts tudent Rating of aching When trade is based on comparative advantage, and trading countries have different production rary Course possibility frontiers, both countries can gain from trade. terials eCoach True False D Question 17 1 pts Public goods and common resources are both in consumption. The difference between these is that public goods are_ in consumption while common resources are . (Fill in the blanks.) Excludable, club, rival.1023 168 108 08 20:23 01 D Question 11 1 pts Home Syllabus What is the change in consumer surplus when Econland allows for free trade of computer chips Announcements relative to autarky? Modules Consumer surplus increases by SCEU. Media Gallery Consumer surplus decreases by AFH. Assignments Consumer surplus decreases by BCHF. irades 33 Consumer surplus decreases by FHR. iscussions Consumer surplus increases by FHYR. sople udent Rating of aching rary Course D iterials Suppose that the government changes its international trade policy and, instead of allowing for meCoach free trade, it implements an import tariff equal to KR per unit imported. Use this information together with the previous graph to answer questions 12 - 14. D Question 12 1 pts What is the tariff revenue collected by the government? O LNUS. KNXR