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What is the relationship of the following variables with trade? Explain
a. distance
b. Income
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- Can you solve the option g please and fill the table. the 7.3 png is the main question and the 7.5 png is the option g. Briefly explain it pleaseTable 1 Berries (Ibs.) Fish Rob 25 60 Bill 40 80 Rob Crusoe and Bill Friday spent their week-long vacation on a desert island where they had to find and make their own food. Rob and Bill spent one day each fishing and picking berries. The tables lists the pounds of output Rob and Bill produced.I need help understanding how to solve for this question Worker Wage Time to complete 1 unit Paneling Dry Wall Al ($9/hr) 6hrs 4hrs Ken ($10/hr) 5hrs 5hrs Assuming there are 10 walls to panel (10 paneling jobs) and 8 dry walls to build (8 dry wall jobs) what is the monetary savings if Ken and Al specialize in their respective comparative advantages?
- HelpBD and India are both producers of garments and rice. Garments require labor and capital, while rice requires labor and land. Assume that labor is mobile between sectors, but not between countries. Given the relative opportunity costs of garments and rice in each country, India exports rice to BD and Imports garments from BD. Suppose the amount of land available for rice cultivation in India grows. How will it affect India's PPF? What will be the impact of this development on Indian labor, Indian landowners and Indian garment factory owners? Use diagrams to explain if necessary.7:02 Computers Here There 100 50 a. What is the cost of 1 unit of cloth and a computer in Here? Round your answers below to 2 decimal places. 1 cloth = Cloth 50 90 1 cloth POST or or computers. 1 computer- b. What is the cost of 1 unit of cloth and a computer in There? Round your answers below to 2 decimal places. units of cloth. computers. units of cloth. 1 computer = c. In which product does each country have a comparative advantage? Here: (Click to select) There: (Click to select) ✓ d. What is the range of feasible terms of trade between the two countries? Round your answers below to 2 decimal places. Feasible terms of trade 1 unit of cloth 1 computer between between to to computers units of cloth. Next >
- How to make the graphicЄ PROFILE 爲 ORDERS RENTALS 品 COURSES Study Tools Attempts 3.5 4 5. Comparative Advantage Keep the Highest 4/5 The following table describes the production possibilities of two cities in the country of Baseballia: Pairs of Red Socks per Worker per Hour Pairs of White Socks per Worker per Hour Boston 5 2 Chicago 3 College Success Tips Without trade, the price of a pair of white socks (in terms of red socks) in Boston is of red socks. P Career Success Tips has an absolute advantage in the production of red socks, and socks. ? Help of red socks, and in Chicago it has an absolute advantage in the production of white A-Z bongo A+ has a comparative advantage in the production of red socks, and has a comparative advantage in the production of white socks. + SIGN OUT If the cities trade with each other, Boston will export socks, and Chicago will export socks. The price of white socks can be expressed in terms of red socks. The highest price at which white socks can be traded that would make…a. It takes Country A two hours to produce a unit of consumer goods and five hours to produce a unit of capital goods. Country B can produce a unit of consumer goods in one hour and a unit of capital goods in four hours. Which country has a comparative advantage in the production of consumer goods? Explain. b. Country A has the following labor market data: Employed Frictionally unemployed Structurally unemployed Cyclically unemployed 91,000 4,000 2,000 3,000 Not in the labor force, aged 16 years and over 25,000 Calculate the unemployment rate for Country A. c. Calculate the labor force participation rate for Country A. d. Illustrate Country A's current employment of resources every 10 hours on a production possibilities curve with capital goods on the vertical axis and consumer goods on the horizontal axis. Assume constant opportunity costs. Indicate the current employment based on the data from (b) with a point labeled E.
- Brazil is able to produce 10 cars and 5 computers in one hour while India is able to produce 1 car and 4 computers in one hour. Brazil has a comparative advantage in producing and India has a comparative advantage in producing a. cars; cars b. computers; cars C. cars; computers d. computers; computersNot sure about my answer.Answer please...
