International

This question is a follow-up to the previous question. a) what is the NRP for scenario 1 in the question above? b) what is the NRP for scenario 2 in the question above? c) what is the ERP for scenario 2 in the question above? d)Interpret the values you calculated for NRP in parts a and b. (Hint: what do these values of NRP mean for domestic producers of the final good?) Does the value for the NRP change between parts a and b? Why or why not? e) Interpret the values you calculated for ERP in the question above es and in part c. (Hint: what do these values of ERP mean for ule domestic producers of the final good?) Does the value for the ERP change between the question above and part c? Why or why not? f) Is it possible to calculate a negative value for ERP? If yes, what is implied by an ERP value that is less than zero? (Hint: how would domestic producers of the final good react to a negative ERP?)