Question : 9.2 Costs and Benefits of a Tariff 1) If a good : 1303533

Economics

9.2 Costs and Benefits of a Tariff

1) If a good is imported into (large) country H from country F, then the imposition of a tariff in country H

A) raises the price of the good in both countries (the “Law of One Price”).

B) raises the price in country H and cannot affect its price in country F.

C) lowers the price of the good in both countries.

D) lowers the price of the good in H and could raise it in F.

E) raises the price of the good in H and lowers it in F.

2) If a good is imported into (small) country H from country F, then the imposition of a tariff In country H

A) raises the price of the good in both countries (the “Law of One Price”).

B) raises the price in country H and does not affect its price in country F.

C) lowers the price of the good in both countries.

D) lowers the price of the good in H and could raise it in F.

E) raises the price of the good in H and lowers it in F.

3) If a small country imposes a tariff, then

A) the producers must suffer a loss.

B) the consumers must suffer a loss.

C) the government revenue must suffer a loss.

D) the demand curve must shift to the left.

E) the world price on that item will shift.

4) The imposition of tariffs on imports results in deadweight (triangle) losses. These are

A) production and consumption distortion effects.

B) redistribution effects.

C) revenue effects

D) efficiency effects.

E) distortion of incentives.

5) The main redistribution effect of a tariff is the transfer of income from

A) domestic producers to domestic buyers.

B) domestic buyers to domestic producers.

C) domestic producers to domestic government.

D) domestic government to domestic consumers.

E) foreign producers to domestic consumers.

6) The principle benefit of tariff protection goes to

A) domestic consumers of the good produced.

B) foreign consumers of the good produced.

C) domestic producers of the good produced.

D) foreign producers of the good produced.

E) the domestic government.

7) Should the home country be “large” relative to its trade partners, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms of the trade rectangle exceed the sum of the

A) revenue effect plus redistribution effect.

B) protective effect plus revenue effect.

C) consumption effect plus redistribution effect.

D) production distortion effect plus consumption distortion effect.

E) terms of trade gain.

8) The deadweight loss of a tariff

A) is a social loss because it promotes inefficient use of national resources.

B) is a social loss because it reduces the revenue of the government.

C) is not a social loss because it merely redistributes revenue from one sector to another.

D) is not a social loss because it is paid for by rich corporations.

E) is not a social loss because it aids domestic consumers.

9) A policy of tariff reduction in the computer industry is

A) in the interest of the United States as a whole and in the interest of computer producing regions of the country.

B) in the interest of United States as a whole but not in the interest of computer producing regions of the country.

C) not in the interest of the United States as a whole but in the interests of computer producing regions of the country.

D) not in the interest of the United States as a whole and not in the interests of computer consumers.

E) not in the interest of the United States as a whole but in the interests of foreign computer producers.

10) The fact that industrialized countries levy very low or no tariff on raw materials and semi processed goods

A) helps developing countries export manufactured products.

B) has no effect on developing country exports.

C) hurts developing country efforts to export manufactured goods.

D) hurts developing country efforts to export raw materials.

E) does not affect industrialized countries’ exports.

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July 1, 2023

Paula Plaintiff's Really Bad Week, Part 1

Introduction

In this assignment, you’ll need to decide whether Paula Plaintiff has any legal claims arising from a series of unfortunate events. After reading the scenario, answer the questions that follow, making sure to fully explain the basis of your decision.

Paula Plaintiff is shopping at her favorite store, Cash Mart. She is looking for a new laptop, but she can’t find one she likes. Then, realizing that she is going to be late for an appointment, she attempts to leave the store, walking very fast. However, before she can leave, she is stopped by a security guard who accuses her of shoplifting. Paula, who has taken nothing, denies any wrong doing. The officer insists and takes Paula to a small room in the back of the store. The guard tells Paula that if she attempts to leave the room she will be arrested and sent to jail. At this point, the guard leaves the room. Paula is scared and waits in the room for over an hour until the manager comes in and apologizes and tells Paula that she is free to go.

About this same time, Geoffrey Golfer is hitting golf balls in his backyard. Geoffrey decides to break out his new driver and hits a golf ball out of his backyard into the Cash Mart parking lot. The golf ball hits Paula Plaintiff on the head and knocks her unconscious just as she is leaving the store.

Instructions

In a 6–10 paragraph paper, answer the following questions:

· What types of legal claims could Paula make against Cash Mart and Geoffrey? Consider the following:

o What are the possible tort claims that Paula can make against Cash Mart? Discuss the elements of the claim and how those elements relate to the facts in the scenario.

o Was Geoffrey negligent when he hit the golf ball that injured Paula? Discuss the elements of negligence and use facts from the scenario to support your decision.

o If Paula files a negligence claim against Geoffrey will she file in civil court or criminal court? Explain the difference between civil court and criminal court.

You will create and submit your assignment by using the ecree link. Just click on the link and start writing. Your work will be saved automatically. You’ll see some feedback on the right-hand side of the screen, including text and videos to help guide you in the writing process. When you’re ready, you can turn in your assignment by clicking Submit at the bottom of the page.

Click the assignment link to start your assignment in ecree. Please note that ecree works best in Firefox and Chrome.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.

In addition to your textbook, you have access to Nexus Uni through the Strayer University Library. Please take advantage of this excellent legal resource!

The specific course learning outcome associated with this assignment is:

· Determine if a plaintiff can make legal claims based on the events in a given scenario.