Econ 1 International trade 9 Qustions

A. Export 6 million batteries

B.  

Export 4 million batteries

C.  

Export 2 million batteries

D.  

Import 4 million batteries

E.  

Import 6 million batteries

F.  

Import 2 million batteries

Again, suppose that Britain changes its trade policy and allows free trade of mobile phone batteries as part of a trade agreement. People in Britain can now buy and sell as many batteries as they want from the rest of the world at the world price. Free trade of mobile phone batteries in Britain makes:

3.1.  

Suppose the United States allows free trade of ball bearings. The United States will import ____ ball bearings.

4.3.  

Again, suppose the Israeli government wants to set a tariff on wine that would reduce imports to 20 million bottles of wine. How much revenue will the Israeli government receive from imposing such a tariff?