Hi there!

Can you help me to answer ques 2? Thanks

Quantity of fish a) What is the opportunity cost of moving from point B to point A? (2 Marks) b) In the graph explain why as more coconuts are produced the opportunity cost increases. (3 marks) Accounting for the Economy 2. For each of the following events, ceteris paribus, state the effect on GDP (does it increase/decrease/remain unchanged?) and explain why. (8 marks) a) A few small boat builders decide to move from the production of simple boats for leisure use to the production of commercial fishing boats b) You are short of cash and you need more exercise so you sell your car for $1000. c) The Australian Tax Office gets tough on illegal unrecorded activity (the underground economy) d) A major oil spill occurs off the coastline of an area with high unemployment levels. Many of the local unemployed are employed to help with the clean-up. Economic Growth and Productivity 3. Productivity growth explains most of the increase in living standards associated with economic growth. Explain one factor that increases productivity over time? (2 marks)ca6568 5 29bd9d Subject Subject Exa X Google Major ! @ is stude Remote effects 18890&cmid=5177090 ocation of.. Nghia cua tu Sprawl.. G distinguish between. Library Home Students Answer all of the following questions for a total of 15 marks. The Production Possibilities Frontier 1. Refer to the production possibilities frontier illustrated in the graph to answer the questions below. Quantity of coconuts 35 30 D 25 20 15 10 5 10 20 30 40 50 Quantity of fish a) What is the opportunity cost of moving from point B to point A? (2 Marks) b) In the graph explain why as more coconuts are produced the opportunity cost increases. (3 marks) Accounting for the Economy 2. For each of the following events, ceteris paribus, state the effect on GDP (does it increase/decrease/remai unchanged?) and explain why. (8 marks) a) A few small boat builders decide to move from the production of simple boats for leisure use to the produc commercial fishing boats. b) You are short of cash and you need more exercise so you sell your car for $1000. c) The Australian Tax Office gets tough on illegal unrecorded activity (the underground economy) d) A major oil spill occurs off the coastline of an area with high unemployment levels. Many of the local unem employed to help with the clean-up. MOC