Please answer all parts The first part options are Canada or France . can you make sure my answers at the bottom are right also

Homework (Ch 08) Consider a hypothetical world consisting of only three countries: Liechtenstein, Canada, and France. Each country produces grain. Liechtenstein is a small economy compared to Canada and France and thus cannot influence foreign prices. On the following graph, the supply and demand schedules of Liechtenstein are shown as Suck and Duck. Foreign supply schedules of grain are perfectly elastic; Canada is a more efficient supplier of grain than France because its supply price is $0.80 per bushel (Scan ), whereas France's supply price is $1.60 per bushel (Sp.). 7:20 6 40 5.60 4 80 4:00 3 20 S. . T 240 1.60 10 12 14 18 GRAIN (THOUSE Calculate the quantity of bushels Lied s when the three nations eng age in free trade. Enter this value in the first row of the following table. Also indicate which country Liecht nstein imports from. Imports (Thousands of bushels) Imports from . . . Free trade with tariff With customs union At some point in time, Liechtenstein decides to protect its domestic grain producers a tariff of $1.60 per bushel of grain on imports from both Canada and France. So. + Tand SA + Trepresent the after-tariff prices for both countries In the second row of the previous table, enter the quantity of bushels Liechiter untry it imports from. Later on, Liechtenstei and France form a customs union as part of a trade liberal ent, while the trade between Liechtenstein and Canada continues with the previous terms. In the fast row of the previous table, enter the quantity of bushels try it imports from. Complete the following table by identifying which trade effect of the customs union form liked by each of the alladed areas on the previous graph. Check all that apply. Area Effect Consumption effect Favorable production affect Trade creation effect Trade diversion effect True or False: Relative to a global tariff, the effect of creating a customs union in Liechtenstein is positive. True O False Welfare effects of a regional trading arrangement are not always static. There are also dynamic gains that influence growth rates over the long run and offset unfavorable static effects due to trade diversion. Which of the following represent dynamic gains from creating a customs union? Check all that apply. Market enlargement The trade-creation effect Greater competition Higher tariff revenues Grade It Now Save & Continue