QUESTION 11 Wine 90 80 70 60 50 40 30 20 PPF Portugal CPF 10 0 0 10 20 30 40 50 60 cloth (c) 1 yard of cloth O (d) 1/3 yard of cloth (e) 3 yards of cloth wine SERESSATO 90 80 70 60 50+ 40+ 30 20 10 0 0 England PPF CPF 10 20 30 40 50 60 cloth 11. If Portugal has a total of 120 man-hours of resources available for production, while England has only 90, what is the relative price (opportunity cost) of wine in England, before trade begins? O (a) 1/2 yard of cloth O (b) 2 man-hours/bottle Save All Ans
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Opportunity cost is the cost of producing one good in terms of other.
Opportunity cost shows the forgone units of one good in acquiring the other good.
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- 1) Evaluate how the used of technology and digital transformation create the path to the sustainalbe development in a country and explain if it is helpful considering the current economic climate? Note: This evaluation will MUST be supported by authoritative sources. You are expected to provide references to at least five (5) pieces of documented material that support your views. 2) Translate: how does the used of technology and digital transformation create the path to the sustainalbe development mean to to an accountant? 3) Explain to full detilals The Path to Sustainable Development for Jamaica.” (Note: please provide answer in 4-5 paragraphs) NB: Answer question 1-3Briefly describe your global issue and share two (2) potential solutions in your initial post.Define sustainable development and the “triple bottom line,” and discuss how sustainable development is pursued worldwide.
- Technological innovations shift the production possibility curve. Which types of technologies should a country promote? Should “clean” technologies be promoted over other technologies? Why or why not?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 1/2 man-hours/bottle and cloth costs 1/2 man-hours/yard in England b. Wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in England c. Cloth costs 1 man-hours/yard and win costs 1 man-hours/bottle in Portugal d. Wine costs 1/2 yards/bottle and cloth costs 2 bottles/yard in PortugalWhy does the world need to take sustainable development efforts and studies seriously, and how does this affect the Philippines?
- Give an example of a GVC (Global value chain) that uses agricultural inputs from Australia and leads to the final production of consumer goods for consumption in Australia or elsewhere. Additionally, please produce a diagram highlighting this GVC.Some resource-rich countries have succeeded in converting resource wealth into longterm and equitable economic development, while many others have not. Naturalresources have played a fundamental role in the growth of several industrializedeconomies, including Germany and the United Kingdom, where coal and iron ore depositswere a precondition for the Industrial Revolution. The United States was the world’sleading mineral economy from the mid-nineteenth to the mid-twentieth century and in thesame period became the world’s leader in manufacturing (van der Ploeg 2011). Morerecently, countries such as Botswana, Chile, and Norway have used abundant oil andmineral resources as the foundation for economic growth. However, in many othercountries, resource extraction appears to have undermined governance, fed corruptionand capital flight, and increased inequality.Required:(a) Discuss the main challenges posed by resource revenues; and(b) Discuss the special fiscal institutions and mechanisms…The table below shows the possible combinations of consumer and capital goods produced by a country in 2020 using all its available resources and technology. Use the table to answer the question that follow. Possibilities Consumer goods(‘000) in tons Capital goods (‘000)In tons A 0 1800 B 450 1600 C 750 1400 D 1200 1100 E 1350 800 F 1500 500 G 1700 0 (i) What is the opportunity cost of producing 450,000 tons of consumer goods?(ii) What is the true cost of producing 1,400,000 tons of capital goods?(iii) If the country decides to use all its resources and technology in the production of capital goods, what will be the best alternative forgone?(iv) Under what condition will the country produce 1,700,000 tons of consumer goods(v) Using a scale of 2cm to 500,000 on both axes, graphically represent the data above(vi) Indicate on the graph point Q,R,S to represent efficient, unattainable and inefficient output combination respectively (vii) Explain why point R is an…
- In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing 10,000 more tons of rice? Use the graph below to answer the questions that follow: B1: Suppose Nepal…In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: (A) Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing 10,000 more tons of rice? (B) Use the graph below to answer the questions that follow: B1: Suppose Nepal begins to manufacture fertilizers. Explain the impact of the discovery of fertilizers on Nepal’s economy…In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing 10,000 more tons of rice? Use the graph below to answer the questions that follow: