To stay on course with scheduling, about how many lectures p…

To stay on course with scheduling, about how many lectures per week should you be covering? Note:  Exam weeks may be an exception. Do your work well before the due dates. Although due dates are consistently set, often the relevant material should be completed before the due date to stay on pace.

Information for questions 10-13 The world is made of five co…

Information for questions 10-13 The world is made of five countries, A, B, C, D and E. There are no transportation costs among these countries, just (possibly) tariffs. Countries A and B are considering forming a Regional Trade Agreement (RTA). If they do so, then they will have no tariffs against each other’s goods, but will keep their tariffs against countries C, D, and E. The following table lists the costs of production per barrel of oil in the five countries. Also shown are country A’s tariffs imposed on imports of oil from other countries, before and after any RTA is formed.   Cost of production ($/barrel of oil) A’s tariff ($/barrel of oil) before RTA A’s tariff ($/barrel of oil) after RTA Country A 52.50 — — Country B 36.00 5.50 0 Country C 30.50 5.50 5.50 Country D 31.10 4.90 4.90 Country E 35.30 4.90 4.90 After forming an RTA with country B, in order to conform with the “most favored nation” rule, country A should lower its tariffs on imports from:

Information for questions 10-12 The world is made of three c…

Information for questions 10-12 The world is made of three countries, A, B, and C. There are no transportation costs among these countries, just (possibly) tariffs. Countries A and B are considering forming a Regional Trade Agreement (RTA). If they do so, then they will have no tariffs against each other’s goods, but will keep their tariffs against country C’s goods. The following table lists the costs of production per unit of steel in the three countries, and also the tariffs that A imposes on steel from country B and C before the RTA is formed.   Cost of production ($/unit of steel produced) A’s tariff ($/unit of steel imported) Country A 21   Country B 15 5 Country C 11 5 After forming an RTA with country B, country A would import steel from: