1000 A 500 0 500 1000 Rice (Intons) 1000 750 T-shirts and 750 tons of rice. 500 T-shirts and 1000 tons of rice. 1500 T-shirts and 1500 tons of rice. 1000 T-shirts and 500 tons of rice. 1000 T-shirts and 1500 tons of rice. 500 0 500 1000 Rice (In tons) Lefer to Exhibit 2.1, which shows the production for rice and t-shirts for two countries: Costa Rica nd the United States. Assume exactly country produces half of its total production in each good and mey are the only producer of T-shirts and rice. What is the total production of T-shirts and rice?
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- 2. Is the heightened flow of people a unique feature of the current globalera?#12 Answer this question based on the given information for an economy in some year. Dollar value of resource extraction activity = $20 billion Dollar value of production activity = $50 billion Dollar value of distribution activity = $80 billion Dollar value of final output = $110 billion Gross output for this economy equals Multiple Choice $260 billion. an amount that cannot be calculated with the information given. $110 billion. $150 billion.09. If Portugal has a total of 90 man-hours of resources available for production, while England has only 30, what are the resource costs of wine and cloth ? a) wine costs 2 man-hours/bottle and cloth costs 6 man-hours/yard in Portugal. b) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. c) cloth costs 2 man-hours/yard and wine costs 1 man-hours/bottle in Portugal. d) wine costs 1/2 yards/bottle and cloth costs 2 bottles/yard in Portugal.
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