12. Plot the points on the PPC given the following Information. Cars should be on the vertical axis and lamps should be on the horizontal axis. Label the points on the graph, and also label point J as unattainable, and point K as inefficient. Cars Motorcycles A 20,000 O B 18,500 1,125 I с 15,000 2,250 D 10,000 3,375 Which points are considered points of specialization?, Which points are attainable? Which points are efficient and attainable? E 0 4,500

5. Free-trade benefits In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. Consider the following scenario: Because of international trade, poorer countries are able to learn about technological advances made by other countries rather than investing scarce resources in developing advanced technology themselves. The previous scenario represents which of the following benefits of free trade? O Increased variety of goods O Increased competition O Lower costs through economies-of scale O An enhanced flow of ideas

50D- 50D- If the price of 1 tonne of wheat was 20 apples, who would benefit from trade? If the price was 1 tonne of wheat for 40 apples, who would benefit from trade?

Mountain Mack and Big Lake Bob spend their time carving fishing lures and duck decoys. The table below shows their production possibilities schedules, which describe various combinations of fishing lures and duck decoys they each can carve efficiently in a week. Production Possibilities Schedules Mountain Mack Big Lake Bob Fishing Lures Duck Decoys Fishing Lures Duck Decoys 8 9 8 4 16 50 40 30 20 10 e 24 32 40 140 115 90 65 40 0 50 fishing lures and 40 duck decoys 140 fishing lures and 20 duck decoys a. If Mountain Mack splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys could he corve? 25 fishing lures and 20 duck decoys 20 fishing lures and 25 duck decoys 12 16 20 70 fishing lures and 10 duck decoys 10 fishing lures and 70 duck decoys 20 fishing lures and 140 duck decoys 140 fishing lures and 20 duck decoys b. If Big Lake Bob splits his week evenly between carving fishing lures and duck decoys, what is the…

Section II Diagrams and 1. Draw a PPC diagram, show one unattainable and one inefficient production combination of a firm that produces volleyball and basketball can choose. [3 marks] thto non do W. Dloz prow

QUESTION 28 You are the Minister of Trade for a small island country in the South Pacific with the following monthly production possibilities curve: 500 450- 400 350 300+ 250 200 150 100 50 ↑lemonade 500 450 400 350 300 250 200 150 100 You are negotiating a deal with a neighboring island that has the following monthly PPC: 50 100 150 200 250 300 350 400 pias ↑lemonade 50+ 50 100 150 200 250 300 350 400 Refer to the graphs above. Both countries specialize exclusively in the product for which they have a comparative advantage. You have agreed to sell them 160 bottles of lemonade in exchange for 100 pizzas. After the trade, your country has a total of bottles of lemonade and pizzas. A. 400; 100. B. 400; 200. O C. 160; 200. ++ pizzas D. 240; 100.

Parts a and b in the pic please

The four people listed below are the only workers In an economy that works 10 hours per day and only produces two products. Use the table below and the questlons below to construct a PPF that displays the maximum efficlent production. Basketballs Per Hour Apple Pies Per Hour LeBron 1 Anthony Rajon 2. Alex 3. X-axis - ples Y-axis - basketballs Which of the following coordinates represents the point at which all the economic actors above specialize on the production of the good which they are most efficient, except Alex who focuses on basketball production? O a (90, 140) O b (110, 70) (140, 70) O d (100, 100) 44m

Part c please

Question 2: Good Y - 20 18 164 14 12 10 8 6 4 2 Germany's Production Possibilities Frontier Good Y 20 18 16 Spain's Production Possibilities Frontier 2468 10 12 14 16 18 Good X 2468 10 12 14 16 18 20 Good X Refer to the Figure. Germany has a comparative advantage in the production of O neither good and Spain has a comparative advantage in the production of both goods. O Good X and Spain has a comparative advantage in the production of Good Y. O Good Y and Spain has a comparative advantage in the production of Good X. O both goods and Spain has a comparative advantage in the production of neither good.