Draw a production possibility frontier. The vertical axis shows the production of public sector goods and the horizontal axis shows production of private sector goods. The economy is currently producing at point A on the frontier where 50 per cent of all production is devoted to public sector goods and 50 per cent to private sector goods. (a) Mark the following points on your drawing. (i) Point A. (ii) Point B which shows production following the election of a govemment which increases government spending on both education and the National Health Service. (iii) Point C where unemployment is present in the economy. (iv) Point D where the government takes over production of all

28 24 point A point E point F 20 point B 16 12 • point C point D 8 4. 4 12 16 20 24 product X product Y

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With the pictures given please fill it out where you tell me the answers for the last two things and I can just copy and paste. The first image shows what were suppose to do. It asks for the Purpose, Economic Impact, and lastly the impact on citizens. To the left, you will see what contribution I want you to fill out. ( If you don't I need that for Georgia’s Military Bases and Savannah & Brunswick Shipyards (Liberty Ships)

Q. In January 2009, the federal government announced an economic stimulus package of $35 billion in response to the recession in Canada. (a) Is this an example of hands-off or hands-on position on government policy? Explain.  (b) Where can you find out what happened to Canada’s GDP in the years following the stimulus spending?

5. Distribution of benefits and costs The Assembly, the legislature of the fictional country of Manufa, is considering legislation that will generate benefits of $25 million and costs of $21 million. For perspective, Manufa's population is 50 million. Passing the legislation is    , and if everyone in Manufa shared equally in both its benefits and its costs, the Assembly will vote    the legislation.   If the benefits of the legislation are concentrated among a few people instead of widespread among the population, those people will be willing to spend up to    lobbying the Assembly for the legislation. (Note: Assume that the costs are widespread; therefore, you can ignore them in the calculations of the few who experience the benefits.)   The more widely spread are the costs of the legislation, the    is the likelihood of lobbying against the legislation by those who will incur its costs.   Suppose that, as before, the benefits of the legislation are…

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explain this slide in regards to green economy. i need about 2 minutes of talking in presentation format with emphasis on carbon credits

Question 12 (i) Monica can go to work today and earn $500. However, she is also thinking about studying for the English test. If she studies for the English test she will not be able to go to work. What is Monica’s opportunity cost of studying for the English test? A: $0 B: $500 C: $500 minus the benefit from studying for the test D: The benefit of studying for the test minus $500 (ii) Which of the following is(are) considered as sunk cost for a competitive firm in the short-run? Variable cost Fixed cost A: 1 only B: 2 only C: Both 1 and 2 D: Neither 1 nor 2

Which one of the following statements is false? -Total economic value includes ecosystem service benefits. -Total economic value includes the potential to make profits from a natural resource. -Total economic value includes intrinsic benefits. -Total economic value includes recreation benefits. -Total economic value includes nonuse benefits.