i need Solution of 8, 9, 10 parts Q2: There are two countries named Lilliput and Brobdingnag. We have theproduction possibilities tables for apples and bananas for both countries. Usethis data to fill in the blanks below.|Lilliput Production Possibilities:Brobdingnag Production Possibilities:Production AlternativesProduction AltermativesProduction (Ibs)ABCD EApplesBananasProduction(lbs)ApplesABCD75 60 45 30FE403224168.154812 16 20Bananas10 15 20 25la. Which country has absolute advantage in production of the following good?Please state the name of the country in front of each good. Bananas:Your answer1b. Which country has absolute advantage in production of the following good?Please state the name of the country in front of each good. Apples:Your answer2a. In Lilliput, the cost of producing: 1 apple is:bananas. 8. If neither nation could specialize, each would produce production alternative'C'. The combined production of apples in both countries would be_apples. Write your answer in numbers here only using numericalvalues.Your answer9. If neither nation could specialize, each would produce production alternative'C' and the combined production of bananas would bebananas. Write your answer in numbers here only using numerical values.Your answer10. If each nation specializes in producing the fruit for which it has a comparativeadvantage, their combined production for apples will beWrite your answer in numbers here only using numerical values.apples.Your answer

The production possibility curve shows the combination of two goods that can be produced with the…

Q2: There are two countries named Lilliput and Brobdingnag. We have the production possibilities tables for apples and bananas for both countries. Use this data to fill in the blanks below.. | Liliput Production Possibilities: Brobdingnag Production Possibilities: Production Alternatives ABCDE 75 60 45 30 15 0 10 15 20 25 Production Alternatives Production (lbr) A B |C D EF Apples Bananas Production(lbn) F Apples Bananas 40 32 24 16 4 8 12 16 20

Q2: There are two countries named Lilliput and Brobdingnag. We have the production possibilities tables for apples and bananas for both countries. Use this data to fill in the blanks below.. | Liliput Production Possibilities: Brobdingnag Production Possibilities: Production Alternatives ABCDE 75 60 45 30 15 0 10 15 20 25 Production Alternatives Production (lbr) A B |C D EF Apples Bananas Production(lbn) F Apples Bananas 40 32 24 16 4 8 12 16 20

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 13SCQ: A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals...

See similar textbooks

Similar questions

Why is climate change expected to exacerbate negative effects on women's environmental health? Oa Because of their family roles Ob. As a result of gender inequality Oc Because of women's limited resources due to poverty Od Due to women's larger share of the agricultural workforce
The sccompanying hypothetical production possibilities tables are for New Zesiand and Spain. Esch country can produce spples and plums New Zealand's Production Possibllities Table (Millions of Bushels) Production Alternatives Product Apples 28 60 Plus 15 18 Spain's Production PossIblilties Table (Millions of Bushels) Production Alternatives Product Apples Plums 20 48 20 a. Plotthe production possibilities dsta for esch of the two countries separatejy. Show the tracling possibilities lines for each nation if the sctusl terms of trade sre 1 plum for 2 spples. Instructions: (I Use the tools provided, 'PPC NZ' snd 'PPC SP iplat 4 polnts esch) to drsw the PPC curves. (2) Use the tool provided, ToT, in esch diegram (elot 4 points esch) to draw the trading possibilities lines for esch nation. To earn full credit, you must correctly plot al points for esch Iine. New Zealand Spain Tools 140 Tools 120 TOT PPC s TOT 100 80 40 40 20 20 5 10 15 20 25 30 35 40 10 20 30 40 50 60 70 80 Plums (millions…
R Imagine that it costs $40 in the United States to produce one ton of soybeans and transport them to market, while it costs $30 in Brazil to produce one ton of soybeans and transport them to market Imagine that it costs $20,000 in the United States to produce one automobile and transport it to maket, while costs $10,000 in Brazil to produce one automobile and transport it to market. Which of the following four arrangements would be most efficient? (Hint: Derived OC from PPF (production) = 1/OC derived from costs to make ) a. The United States should produce everything, since it can produce both soybeans and automobiles better than Brazil can produce them. Ob. Brazil should specialize and produce only automobiles. The United States should specialize and produce only soybeans. Then the two countries should trade with each other. Brazil will send automobiles to the United States, while the United States sends soybeans to the Brazil. Oc. The United States should specialize and produce…
The graph below shows the market for tres in the United States, a nation that is open to international trade but is assumed to be s poce taker unable to affect the world price of tires Market for Tires Price dolars per es 320 200 240 200 140 120 NO 40 Qu 400 120 160 200 240 280 320 Quantity (one of ses) a Using the graph above, at the wond price of $80 per tre, how many tires will the United States import mkon pres Now suppose the US government imposes a quota as shown as the graph above 4 b Uung this same graph, indicate the new markert equabinum with the quota iniposed and the domestic quantity suppited (0₂)
A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals to clear some of Sherwoods forest and grow com, but obtaining this additional economic output will have an environmental cost from reducing the number of trees. Table 12.11 shows possible combinations of economic output and environmental protection. Sketch a graph of a production possibility frontier with environmental quality on the horizontal axis, measured by the number of trees, and the quantity of economic output, measured in corn, on the vertical axis. Which choices display productive efficiency? How can you tell? Which choices show allocative efficiency? How can you tell? In the choice between T and R, decide which one is better. Why? In the choice between T and S, can you say which one is better, and why? If you had to guess, which choice would you think is more likely to represent a command-and-control environmental policy and which choice is more likely to represent a market-oriented environmental policy, choice Q or S? Why?
Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. In a second approach, the government sets up national parks and designates 10 villages around the edges of the park as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. Consider the different incentives of local villagers-who often are very poor-in each of these plans. Which plan seems more likely to help the elephant population?
What does a point inside the production possibility frontier represent?
14 The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums. New Zealand's Production Possibilities Table polnts (Millions of Bushels) Production Alternatives Product D Аpples Plums 20 40 60 15 10 eBook Spain's Production Possibilities Table (Millions of Bushels) Production Alternatives Print Product R T Apples Plums 20 40 60 60 40 20 References a. Plot the production possibilities data for each of the two countries separately. Show the trading possibilities lines for each nation if the actual terms of trade are 1 plum for 2 apples. Instructions: (1) Use the tools provided, 'PPC NZ' and 'PPC SP (plot 4 points each) to draw the PPC curves. (2) Use the tool provided, 'ToT, in each diagram (plot 4 points each) to draw the trading possibilities lines for each nation. To earn full credit, you must correctly plot all points for each line. New Zealand Spain 80 Tools 140 Tools 120 60 PPC NZ ToT PPC SP To 100 80 40 60…
0 + 주 caps lock esc échapp OL L 211 E 1 A My Rece My! Unti Run (5 41 • My C docs.google.com Untitled document ☆ File Edit View Insert Format Tools Extensions Help Last edit was seconds ago 47 100% T Normal text T Arial 4 BIUA 13.5 + 11213141516171819 10 11 12 13 SED E 14 15 Paragraph 3: "Is Globalization leading to Environmental Sustanbility 110 IDI & 20 @ Mar W S 3 £ $ Rece 4 ¢ E IL PIL D R % F 5 ¤ T EUX Unti 6 G 7 H 00 8 2 9 3 K 1/4 My = Unt 13 = G Goc 16 17 18 1/2 My 3 X prt sc imprecr delete Supp [{^ ]]> BETA home debut pause #10: à Share M 4:26 PM 6/3/2022 num lock ver num Por 004 S 9)
the Table 1 below to answer questions 10 Combination A OA4 ORG OCE 0.02 BUDE Table 1 Pencils 0/6/0 8 10 12 The opportunity cost of increasing the production of pens from 7 to 14 units is pencils Pens 16 14 11 7 0
A nation with fixed quantities of resources is able toproduce any of the following combinations of carpet andcarpet looms:Yards of carpet(Millions)Carpet looms(Thousands)0 4512 4224 3636 2748 1560 0These figures assume that a certain number of previouslyproduced looms are available in the current period forproducing carpet.a. Using the data in the table, graph the ppf (with carpet onthe vertical axis).b. Does the principle of “increasing opportunity cost” holdin this nation? Explain briefly. (Hint: What happens tothe opportunity cost of carpet—measured in number oflooms—as carpet production increases?)c. If this country chooses to produce both carpet and looms,what will happen to the ppf over time? Why?Now suppose that a new technology is discovered thatallows an additional 50 percent of yards of carpet to beproduced by each existing loom.d. Illustrate (on your original graph) the effect of this newtechnology on the ppf.e. Suppose that before the new technology is introduced, thenation…
Chile's Production Possibilities Frontier Colombia's Production Possibilities Frontier ↑soydeans TEx pounds) ↑ soydeans 20 (in pounds) 18 18 16 16 14 14 12 12 10 10 6 4- +%> 16 18 20 coffee (in pounds 2 4 8 10 12 14 2 4 6 8 10 12 14 16 18 20 coffee spunod ng) Refer to Figure 3-8. If the production possibilities frontiers shown are each for one day of production, then which of the following combinations of pounds of coffee and pounds of soybeans could Chile and Colombia together not make in a given day? O a. 4 pounds of coffee and 17 pounds of soybeans O b. 8 pounds of coffee and 14 pounds of soybeans O . 16 pounds of coffee and 9 pounds of soybeans O d. 24 pounds of coffee and 3 pounds of soybeans