Advanced Placement (AP), 16.10.2020 09:01, KaleahV
Assume that the United States and India enjoy constant opportunity costs and the production possibilities shown in the table.
Assume that the United States and India enjoy constant opportunity costs and the production possibilities shown in the table. [ show ALL parts of the math from beginning to end.]
a) Which country has an absolute advantage in pounds of peanuts? [calculate your math step by step / write the equations]
b) Use the table to calculate the opportunity costs for each good and each country. [calculate your math step by step / write the equations]
c) In which good would the United States specialize, and what range of terms of trade would be acceptable?
d) Draw a PPC for each country, placing pounds of peanuts on the y-axis and pecans on the x-axis.
e) Choose any acceptable terms of trade to plot and label two points on the PPC. Explain how both countries are able to consume beyond their individual PPCs.
Answers: 3
Advanced Placement (AP), 23.06.2019 01:20, keke6361
John locke wrote that if the people of a country believe their government is unjust or abusing power, they have a right to overthrow it. which founding principle does his statement support? natural rights limited government republicanism social contract
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Advanced Placement (AP), 23.06.2019 06:00, destinybonmer
Here is a quote from an npr news article: “on average, working-age adults were eating about 78 fewer calories per day in 2010, compared with five years earlier. the new report is based on data from the national health and nutrition examination survey, which collects details on eating habits and other health-related information from a nationally representative sample of about 10,000 people in the u. s.” which of the following is true about the numerical value 78? a. it is an anecdote. b. it is a parameter. c. it is a simulation. d. it is a statistic.
Answers: 1
Advanced Placement (AP), 25.06.2019 02:30, stacysadousky
If pressure and temperature remain constant, will the volume of gas in the respirometers increase or decrease?
Answers: 1
Assume that the United States and India enjoy constant opportunity costs and the production possibil...
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