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e. Draw the production possibility frontier for the US. {Put Wheat on the Yaxis and Clothing on the X axis) f. For Brazil (Put Wheat

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e. Draw the production possibility frontier for the US. {Put Wheat on the Yaxis and Clothing on the X axis) f. For Brazil (Put Wheat on the Yaxis and Clothing on the X axis) g. Suppose each country decides to split its labor force egually on the production of each good. Locate the point on the PPF curve for each country that represents this allocation of labor. h. What's their production and consumption combination at this point? Draw completely labeled Supply or Demand graphs. Draw a separate graph for each question. Answer the following questions by showing which way which curve moves: a. What happens to YOUR demand curve for macaroni and cheese after you graduate and get a better paying job? b. When the price of olive oil goes up, what probably happens to the demand for corn oil? c. When the price of petroleum goes up, what probably happens to the demand for natural gas? To the demand for solar power? d. If consumers think that the price of tomatoes will go up next week, what is likely to happen to demand for tomatoes my? e. If incomes decrease what should happen to the demand for Nordstrom clothes? f. If incomes decrease what should happen to the demand for second hand clothes? g. Imagine that a technological innovation reduces the costs of producing high-quality steel. What happens to the supply curve for steel? h. When oil companies expect the price of oil to be higher next year, what happens to the supply of oil today? i. Assume that butter and margarine are substitutes. What will happen to the demand curve for butter if the price of margarine increases? j. Assume cars and gasoline are complements. What will happen to the demand curve for gasoline if the price of cars decreases? k. The industrial areas in northeast Washington, D.C., were relatively dangerous in the 1980s. Over the last two decades, the area has become a safer place to work (although there are still seven times more violent crimes per person in these areas

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