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Shows the production possibility frontiers for Pakistan and Indonesia. Each country pro- duces two goods, cotton, and cashews.
(a) Suppose that each country has the same amount of resources and the same technological knowledge. Does either Indonesia or Pakistan have an absolute advantage and, if so, in what product?
(b) What is the opportunity cost of producing 1 bolt of cotton for each country?
(c) What is the opportunity cost of producing 1 kilogram of cashews for each country?
(d) Which country has a comparative advantage in the production of cotton? Which country has a comparative advantage in the production of cashews?
(e) If the two countries specialise and trade, who should export cotton? And who should export cashew?
Americans are becoming more cautious with their household spending due to the uncertainty of the presidency of Donald Trump. Using AD-AS model.
Total assets are $1,450, fixed assets are $790, long-term debt is $750, and short-term debt is $300. What is the amount of current assets?
Central planning is an ineffective method to organize an economy because 1. most central planners are less intelligent than business entrepreneurs in market economies.
Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour. Calculate Kim's opportunity cost of a pie and Liam's opportunity.
In a multi-paragraph essay, apply the theories of unemployment to explain the type of unemployment that each of these individuals is facing. Miami Dade College.
Does the principle of “increasing opportunity cost” hold in this nation? Explain briefly. (Hint:What happens to the opportunity cost of bread—measured in number of ovens—as bread production increases?)
in order to estimate the difference between the average daily sales of two branches of a department store the following
1. cinema theater has estimated the following demand functions for its moviesdaytime demand qd 400 - 50 pdnbsp
1. assume you are a policymaker in washington dc. lobbyists for the preschoolers of america have put pressure on
SOS-320-OL Thomas Edison State College Compare at least two of the tools, examining advantages and disadvantages of each type
Examine the various effects of an export subsidy for a small exporting nation and what is meant by currency devaluation by a country? Explain how a country's currency devaluation could improve its balance of trade.
Briefly explain the benefits that accrue to each of the contracting parties in a eurodollar interest rate swap. What is the difference between a normal swap.
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