This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Ireland and Japan are assumed to produce only wool and steel, to have full employment and complete ... (Read 17 times)

kckanistras

  • Full Member
  • ***
  • Posts: 133
on: Oct 12, 2022

Question 1

In 2017 the value of goods exported from Canada was approximately $________ while the value of goods imported was approximately $________. Each of these flows represents ________% of Canada's GDP.
◦ 12 billion; 12 billion; 1
◦ 50 billion; 30 billion; 6
◦ 25 billion; 25 billion; 10
◦ 100 billion; 100 billion; 15
◦ 593 billion; 602 billion; 29

Question 2

Ireland and Japan are assumed to produce only wool and steel, to have full employment and complete mobility of resources between industries. Their production possibilities boundaries before trade are drawn in solid lines. It is assumed that the two countries have the same amount of resources. Their consumption possibilities after trade are shown by the dotted lines. The outputs of wool and steel are given in physical units.



FIGURE 19-1

Refer to Figure 19-1. Before any trade takes place, the opportunity cost of a unit of steel is


◦ 3/4 unit of wool in Ireland; 3/8 unit of wool in Japan.
◦ 4 units of wool in Ireland; 8 units of wool in Japan.
◦ 4/3 unit of wool in Ireland; 8/3 unit of wool in Japan.
◦ 3 units of wool in Ireland; 3 units of wool in Japan.
◦ 4 units of wool in Ireland; 4 units of wool in Japan.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kckanistras on Oct 12, 2022

Preeti

  • Full Member
  • ***
  • Posts: 163
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


kckanistras

  • Member
  • Posts: 133
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Vibrissae of captive walrus (Japan) Vibrissae of captive walrus (Japan)
A model of anxiety in which stressful events or a changing mental condition can produce unfavorable A model of anxiety in which stressful events or a changing mental condition can produce unfavorable
Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan. Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan.
Meiosis involves two complete divisional operations forming four potential sex cells. Meiosis involves two complete divisional operations forming four potential sex cells.
Use full palms to apply light sliding strokes from foot to hip. This connects and finishes massage ... Use full palms to apply light sliding strokes from foot to hip. This connects and finishes massage ...
Beethoven - Moonlight Sonata (FULL) Beethoven - Moonlight Sonata (FULL)
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library