During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both...
During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve? How is a similar effect seen during a recession?
Homework Answers
After the WW2 many factories and human casualties will decrease the production possibility of Germany and shift the PPF to the left, a shift to the left will represents a decreases in the production possibility of the nation.
At the time of recession many firms in the market shutdown production and that decreases the output in the market there are also many people who leave their jobs and are considered out of the labor force, this will also shift the PPF of the nation to the left and they will be producing at a much lower level in the economy.
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During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both...
Q. 1. During the Second World War, Germany’s factories were decimated. It also suffered many human...
Q. 1. During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve? [10 Marks] Q. 2. What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world? [10 Marks] Q. 3. Are differences in geography behind the differences in absolute advantages? [10 Marks]
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Below is a recommended topic for this discussion. If
your instructor chooses a different “Making the Connection” from
this weeks’ readings or another alternate discussion topic, his or
her chosen topic and any required work in MyEconLab or elsewhere
will be in the instructors’ first posting.
Read the Making the Connection short case titled Can a
Recession Be a Good Time for a Business to Expand? in
Chapter 21 of our textbook, and also be sure to watch the video...
Should World Kitchen outsource Pyrex production and
close the Charleroi plant? If so, how many suppliers should the
company employ and where should they be located?
We were unable to transcribe this imagedishwas resulted from a process that pressed together yers of thin, strengthened opaque glass. products if they were moved overseas and simply source the lower-cost private-label versions directly sales and marketing functions. THE MARKET Givsn its extensive experience with outsourcing the Giobal Sourcing Department at World Kitchen had...
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