Active learning problems (APL Chapter 2) Vorksheet in class Q1. Argentina and Brazil each have 10,000 hours of labor per month. (Put coffee on Y axis ana vine on X axis.) n Argentina, producing one pound coffee requires 2 hours producing one bottle wine requires 4 hours a Brazil, producing one pound coffee requires 1 hour producing one bottle wine requires 5 hours Draw the PPF for both countries

Active learning problems (APL Chapter 2) Vorksheet in class Q1. Argentina and Brazil each have 10,000 hours of labor per month. (Put coffee on Y axis ana vine on X axis.) n Argentina, producing one pound coffee requires 2 hours producing one bottle wine requires 4 hours a Brazil, producing one pound coffee requires 1 hour producing one bottle wine requires 5 hours Draw the PPF for both countries

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 31P: Review the numbers for Canada and Venezuela from Table 33.12 which describes how many barrels of oil...

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Republika UPLB has 50 workers. It produces only coffee and white cheese. The production of these two goods has the following labor requirements. Coffee Output 60 56 48 36 20 0 Labor Requirements 50 40 30 20 10 0 White Cheese Output 0 2 4 6 8 10 Labor Requirements 0 10 20 30 40 50 Illustrate and explain the impact on the PPF of an improvement in the technology for producing white cheese.
Republika UPLB has 50 workers. It produces only coffee and white cheese. The production of these two goods has the following labor requirements. Coffee Output 60 56 48 36 20 0 Labor Requirements 50 40 30 20 10 0 White Cheese Output 0 2 4 6 8 10 Labor Requirements 0 10 20 30 40 50 Illustrate and explain the impact on the PPF if 10 workers decide to work overseas.
Rubric: Students can show how the PPF shift should all 10 resources be placed into the production of one good versus another. PPF accurately labelled. Can be shown on 1 or 2 graphs.
3. Using the graphs of and as functions of labor, graphically show that the PPF has a bowed shape (concave toward the origin). Hint: use the graph with 4 quadrants fromlecture.
Over the past ten years, the amount of land in Canada used to create canola oil has remained roughly the same. However, farming technology has become more effective. As a result, Canada has been increasing its production of canola oil. This describes A shift inward of the PPF. A shift outward of the PPF. A movement inside the PPF. A movement along the PPF.
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The data below shows the various production possibilities for an economy that produces two goods, cars, and television sets. CombinationCars Television A10000 B800400 C600800 D4001200 E2001600 F02000 4. What is the opportunity cost of television production if we moved from combination E to D? 5. On a new diagram illustrate how a decline in the quality of the labour force would impact the PPF for car and television production.
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ackground information: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information.Part A: If each country attempted to produce both jeans and cell phones, how many jeans and cell phones could each country produce? What would be the total number of jeans and cell phones produced by the two countries combined? (Show your work.)Part B: Calculate the opportunity cost of producing jeans for each country. (Show your work.)Part C: Calculate the opportunity cost of producing cell phones for each country. (Show your work.)Part D: Determine how many jeans should be produced by each nation. (Show your work). Part E: If each nation should specialize in producing jeans and cell phones, explain why; use economic terminology you have learned in this unit in your…