Suppose the "pro-trade" government decides to subsidize steel exports by paying a certain amount for each ton sold abroad. How does this export subsidy affect the domestic price of steel, the quantity produced, the quantity consumed, and the quantity exported of steel? How does it affect consumer surplus, producer surplus, government revenue, and total surplus? Is it a good policy from the point of view of economic efficiency?

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e. g., 1,234,567.89)