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Question 2The world producer price for baseballs i...

Question 2

The world producer price for baseballs is ＄24 per dozen, and almost all of them are produced outside the U.S. Suppose the U.S demand curve is QD=100,000-2,000P, where P is price per dozen, and Q is measured in dozens. The U. S domestic supply curve is QS=-10,000 + 1,000P.

(a) Before a tariff is imposed, what is the U. S equilibrium price？ Domestic consumption？ Domestic production？ Imports？

(b)Congress has decided to help the baseball manufacturing industry for national security reasons, and it imposes a tariff of ＄6 per dozen. What are the new equilibrium price, domestic consumption, domestic production, and imports？

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更多“Question 2The world producer p…”相关的问题

第1题

Question 2

(a) Before a tariff is imposed, what is the U. S equilibrium price? Domestic consumption? Domestic production? Imports?

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第2题

生产者价格指数(producer price index)

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第3题

对生产者物价指数(producer price index，缩写为PPI)认识错误的是（）。

A．主要反映商品的生产成本，即生产原料的价格变化状况

B．用于衡量各种商品在不同生产阶段的价格变化情形

C．由于企业最终要把它们的费用以更高的消费价格的形式转移给消费者，所以，生产物价指数的变动对预测消费物价指数的变动是有一定用处的

D．该数据上涨，意味物价上涨压力会相对减轻

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第4题

The index used most often to measure inflation is the______.

A．producer price index

B．GDP deflator

C．wholesale price index

D．consumer price index

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第5题

Task 2

Directions: This task is the same as Task 1. The 5 questions or unfinished statements are numbered 41 through 45.

Advertisement aims to increase people's awareness and arouse interest. It tries to inform. and to persuade. The media are all used to spread the message. The press offers a fairly cheap method, and magazines are used to reach special sections of the market. The cinema and commercial radio are useful for local market. Television, although more expensive, can be very effective. Other ways of increasing consumer interest are through exhibitions and trade fairs as well as direct mail advertisement.

We might ask whether the cost of advertisement is paid for by the producer or by the customer. Since advertisement forms part of the cost of production, which has to be covered by the selling price, it is clear that it is the customer who pays for advertisement. However,if large scale advertisement leads to increased demand, production costs are reduced, and the customer pays less.

It is difficult to measure exactly the influence of advertisement on sales. When the market is growing, advertisement helps to increase demand. When the market is shrinking,advertisement may prevent a bigger fall in sales than would occur without its support. What is clear is that businesses would not pay large sums for advertisement if they were not convinced of its value to them.

Advertisement is often used to______.

A．deceive customers

B．increase production

C．arouse suspicion

D．push the sale

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第6题

Advertisement is mainly paid for by______.

A．the customers

B．increased sales

C．the producers

D．reduced prices

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第7题

Which is NOT the reason of reduction of the price at 5 percent?

A．The Japanese producer holds a large quantity of stores and can't sell them out.

B．The Japanese have improved their production means.

C．They can turn out more products.

D．They expect to go on dealing with the Irish in the coming year.

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第8题

Advertisement is mainly paid for by______.

A．the customer

B．the producer

C．increased sales

D．reduced prices

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第9题

Changes in the consumer price index are useful in predicting changes in the producer price index.

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第10题

Wholesale prices in July rose more sharply than expected and at a faster rate than consumer prices,【1】that businesses were still protecting consumers【2】the full brunt(冲击) of higher energy costs.

The Producer Price Index,【3】measures what producers receive for goods and services,【4】1 percent in July, the Labor Department reported yesterday, double【5】economists had been expecting and a sharp turnaround from flat prices in June. Excluding【6】and energy, the core index of producer prices rose 0.4 percent,【7】than the 0.1 percent that economists had【8】. Much of that increase was a result of an【9】increase in car and truck prices.

On Tuesday, the Labor Department said the【10】that consumers paid for goods and services in July were【11】0.5 percent over all, and up 0.1 percent, excluding food and energy.

12 the overall rise in both consumer and producer prices【13】caused by energy costs, which increased 4.4 percent in the month. (Wholesale food prices【14】0.3 percent in July.)【15】July 2004, wholesale prices were up 4.6 percent; the core rate【16】2.8 percent, its fastest pace since 1995.

Typically, increases in the Producer Price Index indicate similar changes in the consumer index【17】businesses recoup(补偿) higher costs from customers.【18】for much of this expansion, which started【19】the end of 2001, that has not been the【20】In fact, many businesses like automakers have been aggressively discounting their products.

(1)

A．indicate

B．to indicate

C．indicating

D．indicated

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