Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 17, 2024

What is one reason of production possibilities curves for different countries ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

One reason for the production possibilities curves PPCs to differ between countries is differences i... 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

Step: 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

Macroeconomics Principles Applications And Tools

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

7th Edition

978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234

More Books

Students also viewed these Economics questions

Question

★★★★★

1. A country has a comparative advantage if it has a lower ________ cost of producing a good 2. The terms of trade is the rate at which two goods can be ________ for one another. 3. Suppose a country...

Answered: 1 week ago

Question

★★★★★

Assume there are two countries in the world, Highland (H) and lowland (L). Both countries are initially self-sufficient in that they do not trade with each other, a condition called "autarky." Each...

Answered: 1 week ago

Question

★★★★★

In one year, two producers, Bjorn and Xian, can produce boats and cars according to the production possibilities given in the following table: a. Graph the production possibilities curves for the two...

Answered: 1 week ago

Question

★★★★★

Find f. f(x) = f'(x) = 12x + X x > 0, f(1) = -4

Answered: 1 week ago

Question

★★★★★

Suppose a person eats 2000 Kcal per day. Using the facts that 1 Kcal is approximately 4.2 Kj (a kilojoule is a unit of energy equal to 1000 joules) and 1 watt is one joule per second (a unit of...

Answered: 1 week ago

Question

★★★★★

Marketing: Income What is the income distribution of super shoppers (see Problem 12). In the following table, income units are in thousands of dollars, and each interval goes up to but does not...

Answered: 1 week ago

Question

★★★★★

=+13. Product testing. A company is producing and marketing new reading activities for elementary school children that it believes will improve reading comprehension scores. A researcher randomly...

Answered: 1 week ago

Question

★★★★★

Calloway Cab Company determines its break-even strictly on the basis of cash expenditures related to fixed costs. Its total fixed costs are $450,000, but 5 percent of this value is represented by...

Answered: 1 week ago

Question

★★★★★

Product Profitability Analysis Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVS), the Conquistador and Hurricane, from a single manufacturing facility. The...

Answered: 1 week ago

Question

★★★★★

Below is the annual savings pattern of Mohamed Elneny. Year Amount (RM) 1-5 2,000 6-10 3,000 11-15 4,000 16-20 5,000

Answered: 1 week ago

Question

★★★★★

Level 3: Write a program that alternates between the blue LED1 and red LED2, to simulate an emergency vehicle.

Answered: 1 week ago

Question

★★★★★

The figure shows a mechanism comprising two members AB and BD. Collar C is fastened to the mid point of member BD. If collar C moves freely along the rod with a constant velocity vc = 5 m/s ()....

Answered: 1 week ago

Question

★★★★★

1.A customer requires a hub-and-spoke Auto VPN deployment with two NAT-mode hubs with dual uplink connections and 50 remote sites with a single uplink connection. How many tunnels does each hub need...

Answered: 1 week ago

Question

★★★★★

Write this assignment in two parts. Organize each part with one introduction, main section answering all questions, and one conclusion. All references should be on the last page under references....

Answered: 1 week ago

Question

★★★★★

The file weather.json is a good representation of how dictionaries are used to display complex data. A large number of datasets are publicly available at data.gov. Two of the most popular formats on...

Answered: 1 week ago

Question

★★★★★

QUESTION 8 M&H's unit production cost under variable costing is $25, and $32 under absorption costing. Net income under variable costing was $250,000 and $187,000 under absorption costing last year....

Answered: 1 week ago

Question

★★★★★

Evaluate how many lines there are in a true rotational spectrum of CO molecules whose natural vibration frequency is w = 4.09 1014 s1 and moment of inertia I = 1.44 1039 g cm2.

Answered: 1 week ago

Question

★★★★★

1. For a monopolist, marginal revenue is ___________ (greater/less) than price. 2. A monopoly that cuts its price gains revenue from its ________customers but loses revenue from its...

Answered: 1 week ago

Question

★★★★★

1. The presence of _______explains the negatively sloped portion of a long-run average-cost curve, and the notion of _______explains the horizontal portion of the curve. 2. Consider the information...

Answered: 1 week ago

Question

★★★★★

1. Suppose the supply of labor increases. Draw a graph to show how potential output and wages change. 2. Draw a graph to show how potential output and wages change when the stock of capital...

Answered: 1 week ago

Question

★★★★★

The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations R$119,000, income tax applicable to loss on discontinued...

Answered: 1 week ago

Question

★★★★★

Presented below is information related to Tao Ltd. for the year 2019 (amounts in thousands). Instructions a. Prepare an income statement for 2019. Assume that 60,000 ordinary shares are outstanding....

Answered: 1 week ago

Question

★★★★★

The accountant of Weatherspoon Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2019. Rent...

Answered: 1 week ago

Previous Question Next Question