<![CDATA[henry hong : Activity]]> Elgg http://www.college-cram.com/study/henryh/ <![CDATA[calculating deadweight loss in international economics]]> http://www.college-cram.com/study/henryh/weblog/calculating-deadweight-loss-in-international-economics http://www.college-cram.com/study/henryh/weblog/calculating-deadweight-loss-in-international-economics Sat, 10 May 2008 07:18:03 GMT I'm doing this assignment and I'm totally lost,

U.S. :

d= 200 -40p

s= 40 +40p

Rest of the world:

d= 160 -40p

s= 80 +40p

The U.S. govenment imposes a quota of 32 units on its imports. Calculate the magnitude of deadweight loss resulting from the quota under the assumption that the U.S. is a small open economy?

If anyone knows about this it would great if you could help me out!

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