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 automobile in the five countries. Also shown are country A’s tariffs imposed on imports of automobiles from other countries, before and after any RTA is formed.   Cost of production (thousands of $/car) A’s tariff (thousands of $/car) before RTA A’s tariff (thousands of $/car) after RTA Country A 22 — — Country B 15 5 0 Country C 10 5 5 Country D 11 4 4 Country E 18 4 4 Before forming an RTA, in order to conform with the “most favored nation” rule, country A should lower its tariffs on imports from:

Information for questions 20-24 The figure below depicts the production possibilities curve (PPC) of a country. It also depicts the consumption possibilities curve (CPC) when the country is engaged in trade with one other country. Point C is this country’s consumption when that trade occurs. Considering both this country and the other country, this country has absolute advantage in:

5. Which formula correctly multiplies quantity in cell B2 by unit price in cell C2?

13. Which function would you use to calculate gross margin?

14. Scenario Manager in Excel is used to:

The packet size (or ensemble length) in color Doppler refers to the number of ________________

To form the color flow image, the system samples down each Color Doppler image for _____________

The scanning term that displays gray scale and a spectral waveform, is called _____________

During inspiration (inhale) the intra-abdominal (below the diaphragm) pressure ________ so lower extremity venous flow _________

The Doppler Effect occurs __________