A German worker takes 400 hours to produce a car and 2 hours to produce a case of wine. A French hours to produce a case of wine.
For what values of X will gains from trade be possible?
For what values of X will Germany export cars and import wine?
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Attempts: Average: 2 13. Problems and Applications Q7 worker takes 600 hours to produce a car...
A German worker takes 600 hours to produce a car and 3 hours to produce a case of wine. A French worker takes X hou...
A German worker takes 600 hours to produce a car and 3 hours to produce a case of wine. A French worker takes X hours to produce a car and 4 hours to produce a case of wine. For what values of X will gains from trade be possible?For what values of X will Germany export cars and import wine?
I need the values of x for each question and could you explain how you came...
I need the values of x for each question and could you explain
how you came up with it? thanks!
7. Problems and Applications Q7 A German worker takes 400 hours to produce a car and 2 hours to produce a case of wine. A French worker takes X hours to produce a car and 3 hours to produce a case of wine For what values of X will gains from trade be possible? Check all that apply. 650 700...
A German worker takes 500 hours to produce a car and 5 hours to produce a...
A German worker takes 500 hours to produce a car and 5 hours to produce a case of wine. A French worker takes X hours to produce a cara hours to produce a case of wine.
1. Suppose that in an hour a German worker can produce 200 clothes or 20 cars,...
1. Suppose that in an hour a German worker can produce 200 clothes or 20 cars, while a Japanese worker can produce 150 clothes or 10 cars. Each country has 8 hours available. (a) Suppose that without trade the labour in each country spend 25% of their time producing clothes. How many clothes and cars would Germany produce? 2. Suppose that in an hour a German worker can produce 200 clothes or 20 cars, while a Japanese worker can...
Suppose that in an hour a German worker can produce 200 clothes or 20 cars, while...
Suppose that in an hour a German worker can produce 200 clothes or 20 cars, while a Japanese worker can produce 150 clothes or 10 cars. Each country has 8 hours available. (c) If these countries were open to trade, which country would export clothes? (1 mark) Explain.(2 marks) (d) At what price should the two countries trade? (2 marks) Explain.(2 marks)
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car 1 Ton...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car1 Ton of...
14. Problems and Applications Q8 Suppose that in a year an American worker can produce 100...
14. Problems and Applications Q8 Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. 30 T 27 U.S PPF China PPF 15 12 U.S. without Trade China without Trade 0 10 20 30...
8. Problems and Applications Q8 Suppose that in a year an American worker can produce 60...
8. Problems and Applications Q8 Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers. There are 1 million workers in each country. Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. U.S. PPF China PPF Quantity of Computers (Millions) HHHHHHHHHH...
8. Problems and Applications Q8 Suppose that in a year an American worker can produce 60...
8. Problems and Applications Q8 Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers There are 1 million workers in each country Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China U.S. PPF 21 18 S15 China PPF U.S. without...
A German worker takes 600 hours to produce a car and 3 hours to produce a case of wine. A French worker takes X hours to produce a car and 4 hours to produce a case of wine. For what values of X will gains from trade be possible?For what values of X will Germany export cars and import wine?
I need the values of x for each question and could you explain
how you came up with it? thanks!
7. Problems and Applications Q7 A German worker takes 400 hours to produce a car and 2 hours to produce a case of wine. A French worker takes X hours to produce a car and 3 hours to produce a case of wine For what values of X will gains from trade be possible? Check all that apply. 650 700...
A German worker takes 500 hours to produce a car and 5 hours to produce a case of wine. A French worker takes X hours to produce a cara hours to produce a case of wine.
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car 1 Ton...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car1 Ton of...
14. Problems and Applications Q8 Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. 30 T 27 U.S PPF China PPF 15 12 U.S. without Trade China without Trade 0 10 20 30...
8. Problems and Applications Q8 Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers. There are 1 million workers in each country. Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. U.S. PPF China PPF Quantity of Computers (Millions) HHHHHHHHHH...
8. Problems and Applications Q8 Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers There are 1 million workers in each country Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China U.S. PPF 21 18 S15 China PPF U.S. without...
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