Question
Attending classes at UNZA is expensive, time consuming and requires effort.Why should students at UNZA attend classes rather thansleeping in the hostel? Question 3: a.Draw
Attending classes at UNZA is expensive, time consuming and requires effort.Why should students at UNZA attend classes rather thansleeping in the hostel?
Question 3:
a.Draw a production possibility curve for a hypothetical economy producing bullets and food.
b.Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
c.Imagine that the society has two political parties, called the Hawks (who want a strong military) and the Doveswho want a smaller military). Show a point on your production possibilities frontier that the Hawks might choose and a point the Doves might choose if the won the elections
Imagine that an aggressive neighbouring country in the North reduces the size of its military. As a result, both the Hawks and the Doves reduce their desired production of guns by the same amount. Which party would get the bigger "peace dividend," measured by the increase in food production
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