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I need it in 20 minutes Assume two countries Stonyland and Brookland. Stonyland has absolute advantage in producing both chairs and desks. Brookland has comparative

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I need it in 20 minutes

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"Assume two countries Stonyland and Brookland. Stonyland has absolute advantage in producing both chairs and desks. Brookland has comparative advantage in producing chairs. There will be no gain from trade for Stonyland when trading with Brookland because Stonyland are better at producing both goods" True O FalseL Assume that producing a certain good creates a negative externality equal to $9 per unit. Further suppose that the government imposes a $6 tax per unit to producers of this good. Pick ALL correct statements. '- The current tax is less than the ideal corrective tax. None are correct. The current tax is greater than the ideal corrective tax. The equilibrium quantity is less than the socially optimal quantity. . The equilibrium quantity is greater than the socially optimal quantity. The current tax is the ideal corrective tax. For firms in a competitive market in the long-run: 6) economic profits are positive price is equal to average total costs 6) price is equal average fixed costs 6) price is below average total costs

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