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Question: 1. Suppose two countries produce the same two goods and have identical production possibilities frontiers. Do you expect these countries to trade? Explain why or why not.
2. Brazil is the largest coffee producer in the world, and coffee is one of Brazil's major export goods. Suppose that in 20 years, Brazil no longer produces much coffee and imports most of its coffee instead. Explain why Brazil might change its trade pattern over time.
describe the relationship between the number of inputs and the law of diminishing marginal productivity
What does economies of scale mean? As a health care manager how would you apply economies of scale in your department? Finally, how do organizations utilize or could utilize economies of scale in their business model?
Suppose that Zerbia is currently producing at point D on this PPF. What is the opportunity cost for Zerbia of producing one additional unit of consumer goods? In your answer make sure you provide a numeric value as well as the units of measurement..
What is the state of the city finances.
Discuss how payment systems have evolved over time to reduce transactions costs and predict how technological advancements will continue to reduce transaction costs in the future. Provide specific examples to support your response.
the nile.com wants to increase its total revenue. currently every book it sells is priced at 10.50. one suggested
part-1nbspwhat is the official poverty line?nbspis the number of people higher or lower than it was last year? ten
If the government decides to tax the consumption of cigarettes, (suppose there was not one on the market before) what will happen in the market for cigarettes?
answer each of the following question in one or two paragraphs.1-describe the difference between average revenue and
What type of barrier to entry was used by De Beers throughout much of its history to maintain its monopoly position - If society is producing nine units of bicycles and four units of computers and it now decides to increase computer output to six, t..
You find that 15% of them have had something stolen. Would you have a one or two tailed test?
Create a solution to the problem from a "conservative" viewpoint and a "liberal" viewpoint. Use the tools of economics as FOUND IN YOUR TEXTBOOK AND IN SCHOLARLY ARTICLES to craft a solution BASED ON ECONOMIC THEORY.
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