var imagesXXXlarge = ",,,"; var imagesXlarge = ",,,"; var imagesLarge = "krugmanap2e-ch44-fig-9,krugmanap2e-ch44-fig-8-qfig,,,,"; var imagesSmall = ",,,,"; var imagesMedium = ",,,,,,"; xBookUtils.showAnswers['krugmanapecon2e_mod44_cyu_1a'] = "$6. A tariff of $5.99 or less would make the price of imported plates (including the tariff) $9.00 × $5.99 = $14.99 or less, and at these prices, the demand exceeds the domestic supply."; xBookUtils.showAnswers['krugmanapecon2e_mod44_cyu_2a'] = "4 million plates. A quota of 4 million plates or more would not affect international trade because consumers only want to import 4 million plates, which this quota would allow. However, a quota of fewer than 4 million plates would affect international trade because consumers could not obtain all of the plates that they want for $9, and the restriction on total supply would cause the price to rise above $9."; xBookUtils.showAnswers['krugmanapecon2e_mod44_fr_2_rubric'] = "
Rubric for FRQ 2 (6 points)
1 point: France imports 4 million pounds of cheese.
1 point: The price will be 4 euros per pound.
1 point: French suppliers will provide 4 million pounds of cheese domestically.
1 point: A tariff of 1 euro per pound would result in imports of 2 million pounds of cheese.
1 point: None
1 point: A tariff of 4 euros per pound of cheese would raise the import price up to 7 euros per pound. However, the domestic supply equals the domestic demand at a price of 5 euros per pound. As a result, there would be an excess supply of domestic cheese
";