Question 26 (1 point) Listen 9 Price Level AD ... bc Real GDP Refer to the figure above. If aggregate supply is AS, and aggregate demand is ADo, then: Of represents a price level that would result in a shortage of real output of ac a surplus of real output of gh would occur Of represents a price level that would result in a surplus of real output of ac at any price level above g, a shortage of real output would occur Ofrepresents a price level that would result in a surplus of real output of aValues of Canadian Dollars in terms of British Pounds ... Do D Quantity in Canadian Dollars Under a system of flexible exchange rates, the shift in demand from Do to Dj and in supply from So to $1: will ultimately cause Canada's exports to decline and its imports to rise O causes the dollar to depreciate O causes the pound to depreciate O causes the dollar to appreciate O has no effect on the values of the two currenciesThe following balance-of-payments data are for the hypothetical nation of Zabella. All figures are in billions of dollars. Merchandise exports +$80 Merchandise imports -70 Service exports +20 Service imports -25 Investment income +5 Transfers -5 Capital and financial inflows +13 20 Capital and financial -23 outflows Changes in official reserves +5 According to the data in the table, Zabella's capital account and financial account balance shows a: deficit of $10 billion surplus of $5 billion deficit of $28 billion surplus of $28 billion surplus of $10 billionThe following data outline production choices (A or b. in two nations, Landia and Scandia. Landia has a workforce of 12 and Scandia has a workforce of 10. Output per worker in Landia Output per worker in Scandia A B A B Fish 8 0 Fish 16 0 Chips 40 Chips 48 Refer to the information in the table above. Assume that before specialization and trade, each nation devoted half of its workforce to each product. If these two nations now fully specialize in accordance with comparative advantage, the total gains from specialization would be: 50 chips and 24 fish 8 chips and 32 fish & chips 24 chips and 32 fish OIn the following diagram, S. and D are the domestic supply and demand for a product and P is the world price of that product. Sa Price ($) EX D ... Quantity In the following diagram, S. and D are the domestic supply and demand for a product and P- is the world price of Sa Price ($) EX Refer to the figure above to answer the following question.Given the tariff, the quantities sold by foreign and domestic producers, respectively, would be: x and xz xz and x O wy and w Oy and yz O vz and vQuestion 47 (1 point) Listen In the following diagram, Sao and D are the domestic supply and demand for a product and Po is the world price of that product. Si is the product supply after an import quota is imposed. Sdo ... Price ($) Quantity Refer to the figure above to answer the following question. Assuming there is no tariff, the imposition of the import quota: will increase the revenues of foreign producers by area E O will increase the revenue of the Canadian government by areas G + H O will increase the revenues of foreign producers by area F + J O leads to an extra revenue to foreign producers equal to areas G + H, which partly counteracts the loss they bear because of lower quantities supplied will increase the revenue of the Canadian government by areas E + F + G + H + J