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2 Leo's birthday is coming 11p and all he has in his pomeaion is one bottle of soda His friends get together and decide to buy him a gift. They agree on getting him some bottles of soda {3} and some fancy colorful soda making powderfshalter contraptions {I}. Leo's utility function is given by UsJ} = s+ fa f2. The soda costs p, = 1 and the powder shaker contraptions cost pf = '2. His friends decide to buy him two bottles of soda {in addition to the one he already has} and one powder shaker thing, spending a total of $4. {Throughout this question, you can assume that both soda and the fancy powder things can he consumed in any fractional amount. When drawing diagrams, put soda on the horizontal axis and the powder shaker things on the vertical aids. Also, you should only he coneerned about the negatively sloped portions of the indierence curves. Do not worry about portions which are positively sloped.) {a} At Leo's initial position prior to receiving the gifts, is he optimized? The best Intermediate class is Intermediate I O this class (this is the correct answer) O Intermediate III O Advanced Accounting6. Provide a brief discussion of the empirical evidence on the relationship between trade and poverty.Thatonal Wear. suny.edu/webapps/assessment/take/launch,jspicourse_assessment id=_34027 1/course_jd= 41035. 18content_jf 510708_1851Pp * Economic Nationalist b. Classical Liberalism " Structuralist QUESTION 5 The advanced developed capitalist countries have underdeveloped the third world nations by forcing their insertion into the global economy to be dictated by the needs of the advanced developed nations. " Economic Nationalist b. Classical Liberalism Structuralist QUESTION 6 . Alexander Hamilton advocate state involvement in the interests of a growing manufactured class by employing protectionist policies. Economic Nationalist Classical Liberalism Structuralist Save All Ampwer Click Save and Submit to save and submit. Click Save All Answers to save all annren. D Type here to searchThat workers in the beginner condition solved the problem significantly faster than workers in both the advanced and intermediate condition That workers in the beginner condition solved the problem significantly slower than workers in both the advanced and intermediate condition That workers in the intermediate condition solved the problem significantly slower than workers in both the beginner and intermediate condition That workerkin the advanced condition solved the problem significantly slower than workers in the beginner condition but significantly faster than workers in the intermediate conditions Question 11 1 pts In the following result: X() = 8.4, p <.05 what is the observed value critical significance level degrees of freedom>