Question 1 (1 point)

Do people like subject #1 end up better or worse off from the change (or neither)?

Question 1 options:

	better off
	worse off
	neither better nor worse off
	we can't say

Question 2 (1 point)

Do people like subject #2 end up better off or worse off from the change (or neither)?

Question 2 options:

	better off
	worse off
	neither better nor worse off
	we can't say

Question 3 (1 point)

From the information that the economist gets from these graphs, would the economist

offer an opinion on whether the change in policy should or shouldn't be made?

Question 3 options:

	yes
	no
	maybe

Question 4 (1 point)

Does subject #1 have a willingness to pay for the change or a willingness to accept compensation for the change?

Question 4 options:

	a WTP
	a WTAC
	both
	neither
	we can't say from the information provided by the graphs

Question 5 (1 point)

Does subject #2 have a willingness to pay for the change or a willingness to accept compensation for the change?

Question 5 options:

	a WTP
	a WTAC
	both
	neither
	we can't say from the information the graphs provide

Question 6 (1 point)

Based on the material about what determines the market basket a consumer consumes, and what you've been told in the assignment, what changes resulting from country X trading with country Y could have caused these changes in the consumptions of the two subjects?

Question 6 options:

	only changes in preferences could be responsible
	only changes in income could be responsible
	only changes in prices could be responsible
	changes in both preferences and income
	changes in preferences and prices
	changes in prices and income

Question 7 (1 point)

If we applied the compensation principle to the question of whether or not country X should trade, what would be conclude?

Question 7 options:

	country X should trade
	country X should not trade
	we can't say from the information that's been provided