Question 42 (1 point) Listen The following balance-of-payments data are for the hypothetical nation of Zabella. All figures are in billions of dollars. Merchandise exports +$80 Merchandise imports -70 Service exports +20 Service imports -25 Investment income +5 20 Transfers -5 Capital and financial inflows 1 +13 Capital and financial -23 outflows Changes in official reserves +5 According to the data in the table, the changes in official reserves account indicates that Zabella: added $5 billion to its stock of foreign currencies through sales of Zabellan dollars C imported more merchandise than it exported (reduced its stock of foreign currencies by $5 billion through purchases of Zabellan dollars experienced a balance-of-payments surplus O exported more merchandise than it importedThe following data outline production choices (A or b. in two nations, Landia and Scandia. Landia has a workforce of 12 and Scandia has a workforce of 10. Output per worker in Landia Output per worker in Scandia A B A B Fish 8 0 Fish 16 0 Chips 0 40 Chips 48 Refer to the information in the table above. Assume that before specialization and trade, each nation devoted half of its workforce to each product. If these two nations now fully specialize in accordance with comparative advantage, the total gains from specialization would be: 50 chips and 24 fish 8 chips and 32 fish O & chips 24 chips and 32 fish O 32 fishQuestion 44 (1 point) Listen The following data outline production choices (A or b. in two nations, Landia and Scandia. Landia has a workforce of 12 and Scandia has a workforce of 10. Output per worker in Landia Output per worker in Scandia A B A B Fish 0 Fish 16 0 Chips 40 Chips 0 48 Refer to the information in the table above. Which of the following would be feasible terms of trade between Landia and Scandia? & chips for 1 fish I fish for 7 chips 2 fish for 4 chips 1 fish for 4 chips 1 fish for 6 chipsQuestion 45 (1 point) 40 Listen The following data outline production choices (A or b. in two nations, Landia and Scandia. Landia has a workforce of 12 and Scandia has a workforce of 10. Output per worker in Landia Output per worker in Scandia A B A B Fish 8 0 Fish 16 0 Chips 0 40 Chips 0 48 Refer to the information in the table above. If Landia and Scandia fully specialize in accordance with comparative advantage, their total output will be: 80 fish and 576 chips 160 fish and 576 chips 96 fish and 400 chips 96 fish and 480 chips 160 fish and 480 chips