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- Answer the following question:1. Are you more of a listerner or a talker? Which social skill/s do you think you need todevelop? In what ways can you develop it/them?2. If you were a parent at this time, what would you teach your children on social literacy.How would you teach them?aps Suppose Italy can make either 1000 statues or 700 bottles of wine. Suppose the US can make either 100 statues or 900 bottles of wine. How should each specialize? A. Italy should produce statues and the US should produce wine. B. The US should produce statues and Italy should produce wine. C. Italy should produce both statues and wine. International Academy of Science. All Rights Reserved.Practice 3 #4 Can you help me with this
- (b) Assuming that there are only two nations in the world, Africa and the USA, each nation produces gold (G) and corn (C). Also assume that labor is the only factor of production. The table below shows how much of each good a country can produce using one hour of labor time. AFRICA USA GASOLINE 50 15 (barrels/hr) CORN (tonnes/hr) 30 25 I. Identify which country has the Absolute Advantage and Disadvantage in each good. Justify your answer. II. Identify which country has the Comparative Advantage and Disadvantage in each good. Justify your answer. II. What is a term of trade? Identify the term of trade for both countries. Justify your answer.Answer the following question: 1. Are you more of a listerner or a talker? Which social skill/s do you think you need to develop? In what ways can you develop it/them? 2. If you were a parent at this time, what would you teach your children on social literacy. How would you teach them?DO PART 4,5
- (b) Assuming that there are only two nations in the world, Africa and the USA, each nation produces gold (G) and corn (C). Also assume that labor is the only factor of production. The table below shows how much of each good a country can produce using one hour of labor time. AFRICA USA GASOLINE (barrels/hr) CORN (tonnes/hr) 50 15 30 25 I.Identify which country has the Absolute Advantage and Disadvantage in each good. Justify your answer. II.Identify which country has the Comparative Advantage and Disadvantage in each good. Justify your answer. III.What is a term of trade? Identify the term of trade for both countries. Justify your answer.Sophia ✓ My Home Courses WyoWeb Catalog and Study Tools Rental Options College Success Tips Career Success Tips ? Help « Give Feedback CENGAGE MINDTAP Homework (Ch 09) 4. Effects of a tariff on international trade PRICE (Dollars per ton) 525 495 465 The following graph shows the domestic supply of and demand for maize in Sudan. The world price (Pw) of maize is $255 per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. 435 405 375 345 315 285 Homework (Ch 09) 255 225 0 10 20 Domestic Demand Domestic Supply x 40 50 60 70 QUANTITY (Tons of maize) music ✓ cody ✓ Engl 1010 Wyo bSearch results for 'The following graph s... 30 ng.cengage.com…1. Explain fully what a trader should do before deciding to conduct international business.- 2. Name and explain the advantage of joint venture.- 3. Explain the advantage of outsourcing.- 4. Explain the difference between outsourcing and offshoring.-
- Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523 units of Food or 17,853 units of Fuel using a labour force of 8000. Japan can produce 5,733 units of Food or 24,156 units of Fuel using a labour force of 5000. (d) Which country has the comparative advantage in food? In fuel? Explain. (e) Which good(s) should each country specialize in? (f) Calculate the gains from trade from specialization.ization and trade h X al for School PRDG 100 text C2024 SPRING CRED learn.maricopa.edu/courses/1315553/quizzes/3862261/take ome hat yllabus Modules Assignments Discussions Grades Library Resources New Analytics Student Resources Tutoring Studio ing S + 7 Course Placement CT2Learn P In-Text Citations Suppose that an hour of work in Brazil can produce 1 pound of coffee or 4 pounds of sugar. In Colombia, an hour of work produces 2 pounds of coffee or 5 pounds of sugar. Which country has the absolute advantage in coffee? Which country has the absolute advantage in sugar? What is the opportunity cost of coffee? In Brazil In Colombia What is the opportunity cost of sugar? In Brazil ▸ Study.com G Google In Colombia Q Search sugar H sugar coffee Which country has the comparative advantage in coffee? coffee Which country has the comparative advantage in sugar? FB 00 PRE DELL W ParentVUE SAM SAM y Informal speech prt sc 4 RE home New Tab HA) 1/2 hour (B) 6 hours 1/16 hour CASHEWS (Pounds) D) 2 hours 400 360 320 280 240 200 160 120 80 40 Brazil's PPF Refer to Figure 3B. If the production possibilities frontier shown is for 16 hours of production, then how long does it take this country to make one pound of peanuts? 1 2 3 4 5 6 7 PEANUTS (Pounds) 8 9 10