5. The price of trade Suppose that Croatia and Wales both produce ale and shoes. Croatia's opportunity cost of producing a pair of shoes is 4 kegs of ale while Wales's opportunity cost of producing a pair of shoes is 12 kegs of ale. By comparing the opportunity cost of producing shoes in the two countries, you can tell that production of shoes and has a comparative advantage in the production of ale. Suppose that Croatia and Wales consider trading shoes and ale with each other. Croatia can gain from specialization and trade as long as it receives more than of ale for each pair of shoes it exports to Wales. Similarly, Wales can gain from trade as long as it receives more than of shoes for each keg of ale it exports to Croatia. Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of ale) would allow both Wales and Croatia to gain from trade? Check all that apply. 3 kegs of ale per pair of shoes has a comparative advantage in the 8 kegs of ale per pair of shoes 18 kegs of ale per pair of shoes 5 kegs of ale per pair of shoes

None

Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. You staff's survey must have overestimated the value of a fireworks show. b The fireworks cost must have been greater than their economic benefit. The firework show suffered from the Tragedy of the Commons problems d The town's citizens were free-riders.

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Resilience Soundtrack: Choose 7 songs that gives you strength, inspiration, and a renewed courage to carry on. Write no more than 100 words reflecting on how the songs help you cope with stress.

What are somethings that are abundant in a community

how about questions d and e?

What factors should one consider before making a major purchase?

What do you consider the most important issue in your community?