Suppose you are in the Marvel Cinematic Universe at the end of the movie Avengers: Infinity Wars. Half the population of the world has been eliminated with a snap of Thanos' fingers (aka the elimination). Assume that you are asked to advise the leaders of Springfield, a small land-locked Asian nation. Springfield's immediate neighbors are South Korea, Russia, Turkey, India and China. Prior to the elimination, Springfield had a small population, with lots of mineral resources and a few very specialized pieces of manufacturing equipment. Springfield's primary exports are iron, copper, bauxite (the source of aluminum) and aiglets (the little plastic things on the end of shoelaces).

Suppose that Springfield's loss of half its population disproportionately affected their low-skilled worker population.

Suppose that Russia has accused Springfield of dumping their aiglets, because the relative price of aiglets didn't rise as much as much as Russia expected.

a.What evidence would be required to demonstrate that Springfield was or was not dumping? Assume Springfield was dumping aiglets on the Russian market.

b.What assumptions must Springfield's aiglet producers have about the Russian aiglet market? Why?

c.Suppose in response to Springfield's dumping Russia imposes several new tariffs on all of Springfield's exports into Russia. How would this affect the Russian and Springfield aiglet industry?

d.How would this affect the Russian and Springfield economies in general?