When economic growth in a large country lowers its willingness to trade, it can result in:

a biased growth.

immiserizing growth.

the Dutch Disease.

d. an improvement in the country's terms of trade.

The figure given below shows the market for MP3 players in a small country. Dd and Sd are the domestic demand and domestic supply curves of the MP3 players before the imposition of the quota. (Sd + QQ) is the total available domestic supply curve after the quota has been imposed. Referring to the figure, if instead of using an import quota to limit imports they were limited by a voluntary export restraint (VER), the loss to the nation would be? (picture added )

85 million.

10 million

75 million

50 million

35 million.

Price Sd Sd + QQ Quota $90 Domestic price with quota $80 World price Dd 0 10 12 17 22 Quantity (Millions of MP3 players per year)