Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 1:
Australia can produce 36 thousand tonnes of apple or 12 thousand tonnes of orange in a year. During the same one year period, New Zealand can produce 18 thousand tonnes of apple or 18 tonnes of orange.
a. Draw Australia's and New Zealand's production possibilities curves for producing apples and oranges. Assume the production possibility curves are linear.
b. Who has absolute advantage in producing apples? Who has absolute advantage in producing oranges? Explain your reasoning.
c. Who has a comparative advantage in producing apples? Who has comparative advantage in producing oranges? Explain your reasoning.
d. Suppose that both countries are currently producing nine thousand tones of apples and nine thousand tonnes of oranges. Give an example of how both countries can be better off if they specialise in producing one good and then engage in trade.
Suppose that the Fed's inflation target is 2%, potential output growth is 3.5%, and velocity is a function of how much the interest rate differs from 5%: %^V= 0.5 X (i-5). Suppose that a model of the economy suggests that the real interest rate is..
nbspthe last five months has seen inflation rising at a faster rate. five months ago inflation was rising at an annual
Campbell's sells used trailers, U, and new trailers, N. Its profits are given through Õ = 100N + 68U - 5N2 - 5U2 - 2NU. Determine Campbell's maximum profit is
As the manager of a restaurant, you decided to estimate the demand equation for your specialty food. After careful statistical analysis,your estimation resulted in the following demand equation. All parameters are statistically significant at the ..
Maker an article or current event article which relates to government regulations or antitrust activities.
Explain what happens to consumer, producer, and total surplus when a firm is able to use price discrimination effectively?
1. nbsp what is the distinction between net investment and gross investment? which is the total amount spent on
Then make a list of actions the Japanese government must accomplish to restore the economy and provide health and safety to the citizens. Keep in mind the limited resources available and priorities of each restorative action. What are the opportun..
Give two reasons to defend your chosen business cycle - Identify the right fiscal policy that should be followed: contractionary or expansionary and explain why this fiscal policy should be used.
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
New England Co., predicts that it will use 360,000 gallons of material during the year. The material is expected to cost $5 per gallon. It anticipates that it will cost $72 to place each order. The annual carrying cost is $4 per gallon.
Illustrate the stated direction of recent monetary policy. What recent actions have the Federal Reserve taken to confirm that direction
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd