Global Good Markets and Trade Assignment 3 | Marketing

Home Recent Questions Global Good Markets and Trade Assignment 3 | Marketing

Question 1

a. Use consumer and producer surplus measures to illustrate who gains and who loses when markets are opened up to world trade.
b. Based on your illustrations, make a case for free trade. How can the losers be persuaded to agree to a free trade?

Question 2

An examination of New Zealand’s trade data would indicate that more than half of the nation’s export revenue is derived from selling agri -food products while import of motor vehicles and machinery accounts for a large proportion of national import expenditure.

a. How would trade theory explain such trade composition?
b. Why would New Zealand not specialise completely in agri-food products (i.e. not produce only agrifood products and none of any other products).

Question 3

a. NZ imports all of its requirements of bananas. Currently, there is no tariff on banana. Is this a good policy? What impacts you expect would happen if NZ imposes a sizeable tariff on banana imports? Illustrate your answer.
b. NZ exports almost 90% of its dairy output and accounts for 1/3 of global dairy trade. Currently, NZ does not impose any tax or subsidy on dairy exports. What impacts you expect would happen if NZ imposes a sizeable tax on its dairy exports? Would you recommend such an export tax policy? Illustrate your answer.
 
Question 4

A small importer faces following demand and supply functions in its domestic and world markets for beef:

Qd = 300 - 8p    ( 1)
Qs = 2p - 20    (2)
X = 18p - 100    (3)

Qd = quantity demanded (in tons)
Qs    = quantity supplied (in tons)
p = price per ton in thousand dollars

X = exports ((in tons)) from rest of the world

a. Derive import demand function for beef and calculate domestic price and the volume of beef imports under free trade.
b. If the importer country imposes an import quota at 100 tons, calculate what happens to (i) world price, (ii) domestic price, (iii) domestic output, (iv) consumption and (v) volume of imports.
c. Quantify the welfare effects of a quota policy. Specifically, calculate the effect of this quota on consumer surplus, producer surplus government surplus and national welfare. [national welfare = consumer surplus+ producer surplus + government surplus]
d. Illustrate your answers graphically.

Search Here

Latest Reviews

  • Marcus
    30 Apr, 2019

    My assignment help services are provided in the best way by this website. The writers have completed my assignment in such a way that they helped me increase my overall performance.

  • Emy
    29 Apr, 2019

    Awesome work done by the experts of this company. I visited this site to get math assignment completed. My assignment was complete in every aspect. Thanks to the professionals who provided assignment writing help.

  • Darina
    25 Apr, 2019

    All thanks to the writers of Assignment Help 4 Me who completed my Physics assignment in the right manner. The structure of the assignment was totally customized according to my needs and that too at cheap prices.

View All Reviews

Facebook

Assignment Help 4 Me