Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help Tony and Patty produce skis and snowboards. The tables show their production possibilities. Tony produces 4 snowboards and 8 skis a week; Patty

Please help

image text in transcribedimage text in transcribedimage text in transcribed
Tony and Patty produce skis and snowboards. The tables show their production possibilities. Tony produces 4 snowboards and 8 skis a week; Patty produces 9 snowboards and 18 skis a week. Tony has a comparative advantage in producing snowboards. 3A. True B. False Tony has a comparative advantage in producing skis. A. True VB. False If Tony and Patty specialize and trade, and produces O A. Tony; 20 snowboards B. Patty; 9 snowboards O c. Tony; 4 snowboards O D. Patty; 18 snowboards specializes in snowboards Tony's Production Possibilities Snowboards (per week) 20 16 12 0.5a: Patty's Production Possibilities Snowboards (per week} 18 9 D and and and and and and and and and Skis (per week) 0 mmhm _| o Skis (per week) 0 18 36 Before the Civil War, the South traded with the North and with England. The South sold cotton and bought manufactured goods and food. During the war, one of President Lincoln's rst actions was a blockade of the ports in the South to prevent this trade. The South had to increase its production of munitions and food. Draw a point to show the South's production point prior to the Civil War. Label it 1. Draw a point to show the South's consumption point prior to the Civil War. Label it 2. During the war, the South's factors of production were severely depleted and its production possibilities decreased. Draw a curve that shows the effects of the Civil War on the South's PPF. Label it PPF1. Draw a point to show the South's production point during the Civil War. Label it 3. During the war, the South did not engage in trade. Draw a point to show the South's consumption point during the Civil War. Label it 4. Other goods and services (units) 100 9,0 80 60 4o 20 PPFO l ' l ' l l O 200 400 600 800 10'00 Cotton (baskets per day) >>> Draw only the objects specied in the question. Read the news clip, then answer the following question. He Shoots! He Scores! He Makes Movies! Barron Davis has advantage in playing basketball and NBA All-star Baron Davis and his school friend, Cash Warren, premiered advantage in movie directing, which is the reason for his success in both their first movie Made in America at the Sundance Festival in January 2008. activities. The movie, based on gang activity in South Central Los Angeles, received good reviews. O A. a comparative; a comparative Source: The New York Times, February 24, 2008 O B. no; a comparative O C. a comparative; no O D. an absolute; an absolute

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra And Trigonometry A Unit Circle Approach,

Authors: Mark Dugopolski

5th Edition

0321908252, 9780321908254

More Books

Students also viewed these Mathematics questions