Suppose the demand curve for coffee in Laos is D= 300 - 5P The supply curve is S=-50 + 5P a) Calculate the equilibrium price and quantity of coffee when Laos is in autarky. Now suppose Laos is a small country, and hence unable to affect world price of coffee. The world price of coffee is $25 per bag.
b) Determine the free trade equilibrium values of the following variables: amount produced domestically, amount consumed, amount imported, and the price at which it imports coffee. Now suppose Laos imposes a tariff of $5 per bag on imported coffee.
c) Determine the values of the following variables: amount produced domestically, amount consumed, amount imported, the price of coffee in Laos, tariff revenue, consumption distortion loss, production distortion loss, and total welfare loss. Show the results diagrammatically. Suppose instead of a tariff, the government decides to use a quantitative restriction. It imposes a quota of 70 bags and auctions the quota license to the highest bidder.
d) Determine the values of the following variables: amount produced domestically, amount consumed, amount imported, the price of coffee in Laos, revenue raised from quota auctions, consumption distortion loss, production distortion loss, and total welfare loss. Show the results diagrammatically. Now suppose that instead of a quota, the government of Laos enters into a Voluntary Export Restraint (VER) whereby the government of Indonesia (which is the exporter of coffee to Laos) agrees to restrict the export of coffee to 70 bags.
e) How would the results in part d) change? Is the welfare of Laos higher in the case of a quota or a VER?

i think the answer to your question is b. directive

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turnover

the amount of money taken by a business in a particular period.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.