Refer to the figure above. What is the total surplus before Barylia opens up to free trade?

A) $250
B) $325
C) $800
D) $1,125


C

Economics

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In the figure above, the second poorest fifth of all households receive what share of all income?

A) 10 percent B) 20 percent C) 30 percent D) 40 percent

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Price elasticity of demand is defined as

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The U.S. imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125

What is the dollar price of the cars on January 1, 2003? What is the dollar price of the cars on January 1, 2004?

Economics