Part 3 - Quota Practice- The graph shows the United States domestic market for soybeans. The P6 letters on the graph represent enclosed areas. Domestic A Supply P5 14. If the United States imposes an import quota B on imported soybeans of Q, - Q2, how much will the United States produce domestically? C S P3.... 15. If the United States imposes an import quota D R W: X on imported soybeans of Q4 - Q, how much P Q will the United States import from the rest of E D O N :M the world? P F K Domestic G 16. If the United States imposes an import quota Demand on imported soybeans of Q, - Q2, what is the Q1 Q2 Q3 Q4 Q5 Q6 consumer surplus? 17. If the United States imposes an import quota on imported soybeans of Q4 - Q2, what is the producer surplus? 18. If the United States imposes an import quota on imported soybeans of Q, - Q2, how much are the quota rents? 19. Who receives the quota rents from the import quota? 20. What is the deadweight loss of the import quota for the domestic economy? Part 4 - Stretch Your Thinking Donald J. Trump @realDonaldT Follow 21. International trade is more controversial and Our Steel and Aluminum industries (and complicated than these graphs suggest. Read the tweet many others) have been decimated by from President Trump and identify two different examples decades of unfair trade and bad policy with of what he, and others, might call "unfair trade"? countries from around the world. We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE! 7:12 AM - 1 Mar 2018