The following table illustrates what can be produced in 1 da…
The following table illustrates what can be produced in 1 day with the same stock of resources in Slovakia and Croatia. Use the information to answer the following questions. potatoes wheat Slovakia 50 25 Croatia 30 18 Opportunity cost of potatoes for Croatia is _______ wheat: (round to 2 digits behind the decimal if applies)
Read DetailsThe following table illustrates what can be produced in 1 da…
The following table illustrates what can be produced in 1 day with the same stock of resources in France and Germany. Use the information to answer the following questions. cheese beef France 34 40 Germany 56 20 Suppose the countries are contemplating trade, after specializing. Which best explains the pattern of trade? Select ALL that apply.
Read DetailsThe following table illustrates what can be produced in 1 da…
The following table illustrates what can be produced in 1 day with the same stock of resources in France and Germany. Use the information to answer the following questions. cheese beef France 34 40 Germany 56 20 When comparing before and after specialization, what is the “tradeoff” associated with specialization? (what is gained, what is foregone?)
Read DetailsPresident Kofi Adusei, of a small African nation, explains t…
President Kofi Adusei, of a small African nation, explains to his cabinet of economic advisors that the main determinant of a country’s prosperity is their supply of natural resources. Do you agree with this statement, or are there other things you have learned about that affect prosperity more? Discuss fully, offering examples to defend or refute President Adusei’s claim. You will be judged on the depth, accuracy, and persuasiveness of your explanation. You must make connections to class content and examples to illustrate your points (even if fictional examples). *This is a bit open-ended and you need to put some structure in place. **Expected length is about 500 words (about a full page single spaced). I don’t think you can do a good job with an essay that is much shorter. Do not restate the question, as these words will not contribute to length. Do not worry about formal intro and conclusions…focus on the body of an essay. ***Note that a few sentences is not sufficient to answer this question and will not earn you an acceptable score. ****Be detailed and be thorough. Use/offer examples to illustrate your points. *****Content is the most important contributor to your grade. But writing quality counts too. I do not expect perfection from a timed essay. But I do expect that your work is proofread and major grammar errors and spelling errors are addressed. SPEND A FEW MINUTES EDITING YOUR WORK BEFORE SUBMITTING.
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