Refer to Exhibit 3-8. At Point B in the production possibilities graph shown, the economy: a. is not using its resources efficiently. b. is using its resources efficiently while producing clothing but not food. c. is using its resources efficiently while producing food but not clothing. d. is using its resources efficiently to produce both food and clothing.

Q: did you get 0.2Y?

A: The aggregate expenditure is the sum total of consumption, investment, government expenditures.

Q: The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net…

A: The real GDP refers to the total goods and services produced in an economy in a given fiscal…

Q: What does the total revenue represent?a

A: The income generated from normal commercial activities can be demarcated as revenue.

Q: Answer the questions a through f

A: As per company policy we are only supposed to answer one question up-to 3 subsets in one session, so…

Q: Part 4 and 5 of the question please.

A:

Q: part A is incorrect and Part B is incorrect can you re try

A: Present Worth, also known as Net Present Value (NPV), represents the total value of cash flows (both…

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A: Your question is not visible.

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: 'm needing help on what I had no answered

A: 1. The following shows the PPF of the given data. The values plotted are given as A, B and C.

Q: Where do you get the number 11?

A: Given, Marginal propensity to save (mps)=0.2 Marginal propensity to import (mpm)=0.1 Marginal income…

Q: blanks

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Q: Please refer to the table above. The price of Product A is $1 and the price of Product B is $3. How…

A: The consumer chooses the optimum bundle, on its budget constraint, that gives him the maximum…

Q: please do d and e now please

A: Pareto optimal allocation refers to that point deviating from which no player can be made better off…

Q: Adam picked 240 oranges from his orchard. He packed them equally in 12 bags and sent them to the…

A: Resource allocation refers to the process of distributing available resources among different uses,…

Q: can u solve d and e

A: Unemployment is an expression alluding to people who are employable and effectively looking for a…

Q: In the long run, some firms will respond by until Shift the demand curve, the supply curve, or both…

A: If the CDC announces that tuna causes bacterial infection, it will alter the preferences of the…

Q: please answer second question as a different question now!

A: Investment can refer to physical assets such as machinery, buildings, and land, or financial assets…

Q: You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current job…

A: GDP is the gross domestic product.  GDP is defined as the monetary value of all the goods and…

Q: Answer parts d and e

A:

Q: blanks C and D?

A: Market quantity supplied is the sum of individual quantity supplied at different price level.

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.