QUESTION 22 COUNTRY 1 P 25 20 15 10 5 d1 EQ 0 0 3 6 9 1215182124 s1 SOP IP INTERNATIONAL MARKET P 25- 20- 15 10 5 0- 0 3 6 9 1215182124Q S2 S1 IP 2250 D2 P 15 10 5 D1 0 COUNTRY 2 IP 22. What is the net welfare gain from trade to the economy of country 1? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) a) 3 O b) 6 O c) 9 O d) 13.5 Oe) 18 d2 0 3 6 9 1215182124Q

QUESTION 22 COUNTRY 1 P 25 20 15 10 5 d1 EQ 0 0 3 6 9 1215182124 s1 SOP IP INTERNATIONAL MARKET P 25- 20- 15 10 5 0- 0 3 6 9 1215182124Q S2 S1 IP 2250 D2 P 15 10 5 D1 0 COUNTRY 2 IP 22. What is the net welfare gain from trade to the economy of country 1? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) a) 3 O b) 6 O c) 9 O d) 13.5 Oe) 18 d2 0 3 6 9 1215182124Q

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter34: World Trade Equilibrium

Section: Chapter Questions

Problem 1E

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P 25 20 15 10 5 O COUNTRY 1 O (d) 13.5 O (e) 18 d1 Q 03 691215182124 INTERNATIONAL MARKET 25 20 s1 15 IP 10- 5 0 0 3 6 9 1215182124Q P S2 -IP 222 D2 P 25 S1 15 10 5 D1 0 20 24. What is the net welfare gain from trade to the economy country 1? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) O (a) 3 O (b) 6 O (c) 9 COUNTRY 2 s2 IP d2 0 3 6 9 1215182124Q
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