Suppose that the market for bicycles opens between France and Germany, and that Germany exports bicycles to France. In the short term, the total surplus in France:

Suppose that the price floor is set above the world price, and that the world price is also above the European autarky price. In terms of surplus, removing the price floor would then be:

Suppose that the United States impose a tariff on German cars. What is the impact on US total surplus?

Any product lawfully sold in Portugal can be sold in Germany. This is possible even if the Portuguese product does not fully comply with German technical rules.

Suppose that the initial exchange rate between the French Franc (FF) and the Deutschmark (DM) is 1DM = 2FF, and that the European Community set the price floor for 1 kilo of apples at 5DM/10FF.

Everything else being equal, if the value of the FF decreases to 1DM = 3 FF :

Suppose that the price floor is above the world price. Furthermore, the world price is above the European autarky price. The EU buys the excess supply of European farmers at the price floor, and then sell its stock on the world market

We consider the market for apples. Suppose that the price floor set by the EU is lower than the European autarky price. Furthermore, the price floor is higher than the world price.

Which of the following are counted within the 'four freedoms' of the European Single Market?

A basic Netflix account costs 5.99€ per month in France, and 6.99$ in the United States. Suppose that the exchange rate is 1€ = 1,2$ and that there is no difference between a US and a French account. In which country is the subscription cheaper?