I need help with question 9 please ܩܘ 2:445G UC 71%✓2024-10-22_Pr...Not saved yet☺) Maut vttween Wvumunts alwayɔ0+benefits the country with a larger labor force.Unit Labor RequirementsHomeForeignClothWidgets102060309) Given the information in the table aboveA) neither country has a comparativeadvantage in cloth.B) Home has a comparative advantage incloth.C) Foreign has a comparative advantage incloth.D) Home has a comparative advantage in bothcloth and widgets.E) neither country has a comparativeadvantage in widgets.10) Given the information in the table above,if wages were to double in Home, then HomeshouldA) export cloth.B) export widgets.C) export both and import nothing.D) export and import nothing.E) export widgets and import cloth.11) Given the information in the table aboveA) neither country has a comparativeadvantage in cloth.B) Home has a comparative advantage inwidgets.C) Foreign has a comparative advantagewidgets.D) Home has a comparative advantagecloth and widgets.E) neither country has a comparativeadvantage in widgets. O12) Given the information in the table above.

3. Comparing Opportunity Costs: Cloth:Home: 0.5 widgets per cloth.Foreign: 2 widgets per cloth.Home…

Answered: ܩܘ 2:44 5G UC 71% ✓ 2024-10-22_Pr...…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains Rrom Trade

Section: Chapter Questions

Problem 9PA

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You just got a job in Washington, D.C. You moveinto an apartment with some acquaintances. All yourroommates, however, are slackers and do not clean upafter themselves. You, on the other hand, can clean fasterthan each of them. You determine that you are 70%faster at dishes and 10% faster with vacuuming. All ofthese tasks have to be done daily. Which jobs shouldyou assign to your roommates to get the most free timeoverall? Assume you have the same number of hours todevote to cleaning. Now, since you are faster, you seemto get done quicker than your roommate. What sortsof problems may this create? Can you imagine a traderelated analogy to this problem?
1. The countries France and Italy produce Perfumes and Leather Coats using only labor as an input. AvailableLabor for France and Italy is 3000 and 1000 respectively. Unit of labor per Leather Coat in France is 6 units and inItaly are 2 units. France needs 2 units of labors to produce 1 bottle of Perfume and Italy needs 4 unit of labor. a) Draw the Production Possibility Curve by using relevant information. b) Which country has the comparative advantage in producing Perfume?
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Suppose an economyuses two resorces (labor and capital) to produce two goods (wheat and cloth). Captial is relativley more useful in prducing cloth, and labor ir relativley more useful in prducing wheat. If the supply of cpatial falls by 10% and the suppy of labor increases by 10%, how will the PPF for wheat and cloth change?
01 20 wered For each fancy dress Cafilla produces, it gives up the opportunity to make 50 pounds of cheese. Bodoni can produce one fancy dress for every 100 pounds of cheese it produces. If specialization and trade were to occur between these two countries, which of the following would be consistent with the theory of comparative advantage? O a. Bodoni has the comparative advantage in only dresses. O b. Cafilla has the comparative advantage in only cheese. O c. Cafilla has the comparative advantage in only dresses. O d. Bodoni has the comparative advantage in dresses and cheese. O e. Cafilla has the comparative advantage in dresses and cheese. D AssignmentMain.do?takeAssignmentSession Locator assignment-take,0896c4f4-0518-431a-b10a-1cd73a8289c4# Show -9 bike 2 bike jpg.jpg bike 2.jpg T ▬▬ 6:5 6/12/2 ➡+ prt so R % 5 L G B O Y I & 7 x 8 l J C IAA 00 M 9 K fio ► 11 O ENG S D
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Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

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