3. Winners and losers from tariff reductions Suppose that Australia imports coffee from Colombia. The free market price is $7.00 per pound. If the tariff on imports in Australia is initially 14%, Australians pay $ per pound. One of the accomplishments of the Uruguay Round that took place between 1986 and 1993 was significant across-the-board tariff cuts for industrial countries, as well as many developing countries. Suppose that as a result of the Uruguay Round, Australia reduces its import tariffs to 7%. Assuming the price of coffee is still $7.00 per pound, consumers now pay the price of $ per pound. Based on the calculations and the scenarios presented, the Uruguay Round most likely in Australia and in Colombia.

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.