8:49il LTEhttps://undergrad.unilus.app/pluginfile... O...Combination 2Combination 3Country BEfficientAttainable UnattainableInefficientCombination 1KMNCombination 2RCombination 3TU(22 Marks)b) Which country has an absolute advantage in production of wine? Justify youranswer with empirical evidence.(2 Marks)c) Which country has an absolute advantage in the production of clothes? Justifyyour answer with empirical evidence.(2 Marks)d) Which country has a comparative advantage in the production of wine? Justifyyour answer with empirical evidence.(4 Marks)e) Which country has a comparative advantage in the production of clothes?Justify your answer with empirical evidence.(4 Marks)f) If both countries specialize in the production of the item they are good at,draw the PPF for the condition where trade can take place.(6 Marks)(TOTAL: 40 MARKS) 8:49il LTEhttps://undergrad.unilus.app/pluginfile... S...ASSIGNMENTNO HARD COPY OR EMAILED ASSIGNMENT WILL BE ACCEPTED.ALL SUBMISSIONS MUST BE VIA MOODLE PORTAL BEFORE THE DEADLINE(31ST MARCH 2021)QUESTIONCountry A and country B produce wine (w) and cloth (c). The Production PossibilityyFrontier (PPF) for A and B can be represented by the following equations:A: 2w + 30 = 12B: w +c = 5The above equations have been drawn in the PPF diagrams below.Country ACountry B2WineWineConsider the following combinations:Combination 1: 3 units of wine and 2 units of clothCombination 2: 1 units of wine and 4 unit of clothCombination 3:2 units of wine and 2 unit of clotha) Fill in spaces (A to V) in the following tables with either "Yes" or "No" for eachof the above three (3) combinations.Country AAttainable UnattainableEfficientInefficientCombination 1ABDCombination 2Combination 3EFHJCountry BAttainable UnattainableEfficientInefficientCombination 1KLMCombination 2 0PR<>3

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ASSIGNMENT NO HARD COPY OR EMAILED ASSIGNMENT WILL BE ACCEPTED. ALL SUBMISSIONS MUST BE VIA MOODLE PORTAL BEFORE THE DEADLINE (31ST MARCH 2021) QUESTION Country A and country B produce wine (w) and coth (c). The Production Possbility Frontier (PPF) for A and B can be represented by the following equations: A: 2w + 30 = 12 B: w•c=5 The above equations have been drawn in the PPF diagrams below. Country A Country Consider the following combinations: Combination 1: 3 units of wine and 2 units of cloth Combination 2: 1 units of wine and 4 unt of coth Combination 3: 2 units of wine and 2 unit of coth a) Fil in spaces (A to V) in the following tables with ether "Yes" or No" for each of the above three (3) combinations. Country A Attainable Unattainable Efficient Inefficient Combination 1 Combination 2 Combination 3 F G H Country B Attainable Unattainable Efficient Inefficient Combination 1 K M Combination 2 R

ASSIGNMENT NO HARD COPY OR EMAILED ASSIGNMENT WILL BE ACCEPTED. ALL SUBMISSIONS MUST BE VIA MOODLE PORTAL BEFORE THE DEADLINE (31ST MARCH 2021) QUESTION Country A and country B produce wine (w) and coth (c). The Production Possbility Frontier (PPF) for A and B can be represented by the following equations: A: 2w + 30 = 12 B: w•c=5 The above equations have been drawn in the PPF diagrams below. Country A Country Consider the following combinations: Combination 1: 3 units of wine and 2 units of cloth Combination 2: 1 units of wine and 4 unt of coth Combination 3: 2 units of wine and 2 unit of coth a) Fil in spaces (A to V) in the following tables with ether "Yes" or No" for each of the above three (3) combinations. Country A Attainable Unattainable Efficient Inefficient Combination 1 Combination 2 Combination 3 F G H Country B Attainable Unattainable Efficient Inefficient Combination 1 K M Combination 2 R

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 8PA

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Economics Question
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