Landia production possibilities: A B Fish 8 6 Chips 0 10 B) 4 chips. C) 3 chips. D) 1 chip. Fish Chips с 4 20 A D Scandia production possibilities: Ꭰ 2 30 E 0 40 B C 16 12 8 4 0 0 12 24 36 48 E 1. Refer to the above data. The domestic opportunity cost of 1 fish in Scandia is: A) 12 chips.
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- Suppose that the opportunity cost ratio for apples and oranges is 1AE =30 in Germany but 10= 2A in Japan At which of the following international eschange ratios (terms of trade) with Gemany andJapan be willing to specialize and engage in trade with each otherO10=215AO 10= 1.25AO 10=0.25AO 10=0.15APlease give full explanation Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.QUESTION 12 wine 88185432 90 80 70 60 50 40 30 20 PPF Portugal CPF 10 0 0 10 20 30 40 50 60 cloth wine 8818588 90 80 70- 60 +09 40 30- 20 England PPF CPF 10 0 0 10 20 30 40 50 60 cloth 12. If Portugal has a total of 90 man-hours of resources available for production, while England has only 30, what are the resource costs of wine and cloth? a) wine costs 1/2 man-hours/bottle and cloth costs 1/2 man-hours/yard in England. b) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in England. c) cloth costs 1 man-hours/yard and wine costs 1 man-hours/bottle in Portugal. d) wine costs 1/2 yards/bottle and cloth costs 2 bottles/yard in Portugal.
- Perry's Production Possibilities Frontier 20 18 16 14 12 10 8 6 4 2 poems 12 3 4 5 6 + 7 8 H> novels I poems 20 18+ 16 14 12 10 8 6 4 2 1 2 Jordan's Production Possibilities Frontier + 3 4 + + 5 6 7 8 novels Refer to Figure 3-4. Perry has a comparative advantage in the production of novels and Jordan has a comparative advantage in the production of poems. poems and Jordan has a comparative advantage in the production of novels. novels and Jordan has a comparative advantage in the production of neither good. neither good and Jordan has a comparative advantage in the production of novels.Figure 1 CASHEWS (Pounds) 400 360 320 + 280 240 Peru's PPF 200 160 120 A O 80 40 15 hour Refer to Figure 3-2. If the production possibilities frontier shown is for 32 hours of production, then how long does it take Peru to make one pound of cashews? hour 1 2 3 hours 7.5 hours 3 4 5 6 7 8 PEANUTS (Pounds) 9 10The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative D and for the United States is alternative S. Product Apparel Chemicals (tons) Product Apparel Chemicals (tons) (Click to select) ✓ China Production Possibilities A 10,000 0 units B 8,000 4 6,000 8 U.S. Production Possibilities R S 30,000 24,000 0 6 T 18,000 12 ton(s) D 4,000 12 U 12,0000 18 E 2,000 16 V 6,000 24 Instructions: Enter your answers as whole numbers. a. Are comparative-cost conditions such that the two countries should specialize? F 0 20 W 0 30 If so, what product should each produce? China should produce (Click to select) The United States should produce (Click to select) ✓ b. What is the total gain in apparel and chemical output that would result from such specialization? Apparel: Chemicals:
- The sccompanying hypothetical production possibilities tables are for New Zesiand and Spain. Esch country can produce spples and plums New Zealand's Production Possibllities Table (Millions of Bushels) Production Alternatives Product Apples 28 60 Plus 15 18 Spain's Production PossIblilties Table (Millions of Bushels) Production Alternatives Product Apples Plums 20 48 20 a. Plotthe production possibilities dsta for esch of the two countries separatejy. Show the tracling possibilities lines for each nation if the sctusl terms of trade sre 1 plum for 2 spples. Instructions: (I Use the tools provided, 'PPC NZ' snd 'PPC SP iplat 4 polnts esch) to drsw the PPC curves. (2) Use the tool provided, ToT, in esch diegram (elot 4 points esch) to draw the trading possibilities lines for esch nation. To earn full credit, you must correctly plot al points for esch Iine. New Zealand Spain Tools 140 Tools 120 TOT PPC s TOT 100 80 40 40 20 20 5 10 15 20 25 30 35 40 10 20 30 40 50 60 70 80 Plums (millions…Required information Rome 40 bread Cathay 20 bread (0)/(0) (20" figs ")/(40" figs ") If each country is self-sufficient (no trade) and each allocates one half of its resources to producing Multiple Choice 40 bread and 20 figs in Rome and 20 bread and 40 figs in Cathay. 40 bread and 0 figs in Rome and 20 bread and 0 figs in Cathay. 0 bread and 20 figs in Rome and 0 bread and 40 figs in Cathay. 20 bread and 10 figs in Rome and 10 bread and 20 figs in Cathay. SearchNone
- Previous activity Use the table of production possibilities below to answer the question that follows. United States Canada Pecans (tons) 15 8 Cranberries (tons) 5 4 Which range represents the mutually beneficial terms of trade for the United States and Canada? Canada offering between 2 and 3 tons of pecans for one ton of cranberries Canada offering between 0.33 and 0.5 tons of pecans for one ton of cranberries The United States offering between 0.33 and 0.5 tons of cranberries for one ton of pecans The United States offering between 0.33 and 0.5 tons of pecans for one ton of cranberries The United States offering between 2 and 3 tons of pecans for one ton of cranberriesPls solve it quicklyCandonia has a comparative advantage in the production of , while Desonia has a comparative advantage in the production of . Suppose that Candonia and Desonia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of