The current performance of the South African economyshows that...O A. South Africa is operating on the PPF curve.B. South Africa is operating within the PPF curve.O C. South Africa is operating on beyond the PPF.O D. South Africa has a straight line PPF.

When talking about the managing an economy in terms of economic activities, it is said that an…

Answered: The current performance of the South…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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The following diagram is for Country A based on the Ricardo model. Wheat (millions) 30 Terms of Trade E 15 PPF Corn 25 30 50 (millions) Refer to the figure above. Imports of this country equal_ O 25 million corns O 50 million corns O 15 million wheat O 30 million wheat
1. PPF and CPF Josel's PPF is defined by Qosel F Josel and Kayla can produce food and luxury goods. Kayla 12-3Qosel and Kayla's PPF is defined by Qa 12 - 3Q Kayla Suppose that Josel and Kayla trade with each other (i.e., no outside merchants). Kayla and Josel agree to trade under the following conditions: 1) the terms of trade are 1 unit of food in exchange for 1 unit of luxury goods; 2) each specializes according to his/her comparative advantage; and 3) Kayla consumes 3 units of the good she produces. (a) = Sketch on two different graphs (one for Josel and one for Kayla) the individual PPFs, the individual CPFs, and indicate the individual points of pro- duction and the individual points of consumption. Clearly label your graphs (i.e., indicate values for slopes, intercepts, points of production, and points of consump- tion).
Answer please...
As the economy recovers from a recession, a decrease in the cyclical unemployment rate A. shifts the PPF outward. OB. moves the economy from a point inside the PPF to a point closer to or on the PPF. OC. shifts the PPF inward. O D. moves the economy from a point on the PPF to a point inside the PPF. OE. moves the economy's point of production along the PPF. ***
Suppose Martha and Julia both work at a bakery making bread and muffins. In an hour, Martha can either make 10 loaves of bread or 40 muffins, while Julia can either make 12 loaves of bread or 60 muffins. Both Martha and Julia work 8 hours a day. Draw julias daily PPC What is the opportunity cost to each of making one loaf of bread? Martha's opportunity cost of making a loaf of bread muffins Julia's opportunity cost of making a loaf of bread muffins What is the opportunity cost to each of making one muffin? Martha's opportunity cost of making a muffin loaves of bread Julia's opportunity cost of making a muffin loaves of bread Who has the comparative advantage in making bread? Julia Martha Neither Who has the absolute advantage in making bread? Neither Martha Julia Suppose you are the owner of the bakery. If Julia and Martha are currently both spending all of their time making muffins, then which of them should you ask to start making bread?…
am. 109.
k-Use a PPF structured as a straight line. Assume that the country has two factors of production…L and K. The payments to the factors are: w = wages (labor) r = rent (capital) Calculate: The total cost of production. = (L+K) -W-R The value of the slope.
The figure shows an economy's production possibilities frontier and identifies some production points. We can produce all combinations O A. inside the PPF and on the PPF O B. on the PPF and outside the PPF O C. on the PPF but not inside or outside the PPF D. inside the PPF, on the PPF, and outside the PPF O E. inside the PPF but not on the PPF or outside the PPE
Time le If in a previously fully employed economy, some workers were to become unemployed, how would you show this change on the production possibility frontier? Select one: O a. The PPF would shift outward. O b. The PPF would shift inward. O c. The PPF would pivot inwards O d. The PPF would pivot outwards O e. The point representing output on the PPF would shift inside the line. Next
Economics
Please assist; An economy produces capital and consumer goods. Discuss the impact on the PPF due to the following: (a) The discovery of a new source of oil (b) The unemployment rate in the economy has decreased by 5% (c) Improved technology that impacts only the production of capital goods.

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The current performance of the South African economy shows that... O A. South Africa is operating on the PPF curve. O B. South Africa is operating within the PPF curve. C. O C. South Africa is operating on beyond the PPF. O D. South Africa has a straight line PPF.