Please use the payoff matrix below to answer the following question.   The payoff matrix above describes actions in developing so-called super-jumbo jets that can carry 600 or more passengers.  In each cell, the lower-left value gives the outcome for Boeing based on the action of Airbus and the upper-right value gives the outcome for Airbus based on the action of Boeing.  For example, in cell A, each company will lose $10 million if they both decide to produce super-jumbo jets.  Which cell in the payoff matrix describes the best choices of Airbus and Boeing when Boeing receives a $25 million production subsidy?

Trade diversion may be such that the combined welfare of two nations in the agreement actually _____ because _____ are not completely offset by the _____.

When the United States subsidizes Boeing for export, who benefits and who pays the bill?

The payoff matrix shows outcomes of various strategies that a home and foreign country can follow to decide to regulate or not regulate pollution.  The columns give Foreign’s actions, and the rows give Home’s actions.  The values in the upper right-hand corner of each element give Foreign’s net benefits; the values in the lower left-hand corner of each element give Home’s net benefits.  Net benefits are the environmental benefits from regulation minus the costs associated with installing pollution control equipment. What is likely to happen if there are no international agreements to limit pollution?

Export subsidies applied by a large country create ___________for importing countries in the rest of the world by _________ their import prices.

Use the figure below to answer the following question.  The graph shows the effect of an export subsidy on a large country. According to the figure, the home country overall welfare loss due to the export subsidy is:

When the head tilts forward ______________ moves the crystal mass known as the otolithic membrane.

Location of receptors for dynamic equilibrium.

Use the figure below to answer the following question. With an import quota of 200 units, what would be the total quantity available to consumers in a monopoly situation?

Use the figure below to answer the following question. The graph shows a home monopolist market with the imposition of an import tariff.  The deadweight loss due to the tariff is: