Alex Selkirk's PPF is given below. The outputs represent what he can catch, or produce, in any given day. What is his opportunity cost of catching one Goat? Group of answer choices (5/9) Fish (9/5) Goats (5/9) Goats (9/5) Fish not enough information to answer the question
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- Let us consider the case of Venezuela. A tariff is imposed on imported clothes in Venezuela. In the presence of free trade, the quantity of clothes produced locally in Venezuela was 14932 per year. After the imposition of tariff, the quantity of clothes produced locally in Venezuela increased by two- fifth (2/5) or 40% compared to the estimate of the previous sentence when there was free trade. The quantity of clothes bought locally in Venezuela is 24204 per year after tariff. The quantity of clothes bought locally in Venezuela decreased by 35% in the presence of tariffs compared to what it was during free trade. a) What was the quantity bought locally per year when there was free trade? Please give your answers in two decimal places 32675.4 32675.4 b) What is the quantity of clothes imported in Venezuela in a month on average after the imposition of the aforementioned tariff? Please give your answers in two decimal places 3299.2 3299.2 c) What is the percentage change in the quantity…Let us consider the case of Venezuela. A tariff is imposed on imported clothes in Venezuela. In the presence of free trade, the quantity of clothes produced locally in Venezuela was 15532 per year. After the imposition of tariff, the quantity of clothes produced locally in Venezuela increased by two-fifth (2/5) or 40% compared to the estimate of the previous sentence when there was free trade. The quantity of clothes bought locally in Venezuela was 34470 per year before tariff. The quantity of clothes bought locally in Venezuela decreased by 33% in the presence of tariffs compared to what it was during free trade. a) What was the quantity sold locally per year after tariff ? Please give your answers in two decimal places b) What is the quantity of clothes imported in Venezuela in a month on average after the imposition of the aforementioned tariff? Please give your answers in two decimal places c) What is the percentage change in the quantity of clothes imported in Venezuela per year…Let us consider the case of Venezuela. A tariff is imposed on imported clothes in Venezuela. In the presence of free trade, the quantity of clothes produced locally in Venezuela was 15540 per year. After the imposition of tariff, the quantity of clothes produced locally in Venezuela increased by two-fifth (2/5) or 40% compared to the estimate of the previous sentence when there was free trade. The quantity of clothes bought locally in Venezuela was 34472 per year before tariff. The quantity of clothes bought locally in Venezuela decreased by 33% in the presence of tariffs compared to what it was during free trade. a)What was the quantity sold locally per year after tariff ? Please give your answers in two decimal places. b)What is the quantity of clothes imported in Venezuela in a month on average after the imposition of the aforementioned tariff? Please give your answers in two decimal places. c)What is the percentage change in the quantity of clothes imported in Venezuela per year…
- Egypt exports of soaps, lubricants, and waxes, to Kenya was US$22.63 Million during 2019, according to the United Nations COMTRADE database on international trade. Egypt exports of soaps witnessed a steady decline since 2017, and there is lots of potential demand in many other african nations for Egyptians soap.Last March 2020 the Ministry of Industry and Trade decided to exclude soap bars, shampoo, and tissue paper in the form of jumbo rolls "production requirements" from Resolution 187 of 2020 to stop the export of masks and protective supplies.Minister of Trade and Industry Nevein Gamea issued two decisions to stop exporting all of the surgical masks ("face masks") and the requirements to prevent infection and alcohol of all kinds and derivatives, for a period of 3 months starting from the date of publishing the decisions in the Egyptian Gazette.H.E. Mrs. Gamea said that these two decisions aim to provide the needs of the Egyptian citizen with these products, especially in light of…ЕОC 10.04 When a Canadian company exports the furniture they make to the U.S., who loses? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Canadian workers at other furniture companies. b Canadian consumers. Other Canadian furniture companies. d The Canadian government.S6 Economics
- MN.42.If a country produces 100 units of goods and it consume 60 units. Calculate the value of surplus and capital availble next year.The table shows per capita peach consumption.t Per Capita Consumption of Peaches (pounds) Family income ($10,000) 0.00 1 5.0 2 6.4 3 7.2 4 7.8 5 8.2 6 8.6 Price (above $1.50 per pound) 0.10 0.20 0.30 4.8 4.7 6.2 6.1 7.0 7.6 8.0 8.4 4.9 6.3 7.1 7.7 8.1 8.5 66 950 6.9 7.5 8.0 8.3 0.40 4.7 6.1 6.9 7.4 7.9 8.3 0.50 4.6 6.0 6.8 7.4 7.8 8.2 (a) Find the function of the logarithmic cross-sectional model that gives per capita consumption of peaches at a price of $1.50 per pound, where f represents yearly family income in tens of thousands of dollars, with data from 1 ≤ f≤ 6. (Round all numerical values to three decimal places.) c(0.00, f) = lb (b) Calculate per capita peach consumption for families with a yearly income of $35,000 when the price is $1.50 per pound. (Round your answer to one decimal place.) x lb
- 5 Oil Corn (hrs/barrel) (hrs/bushel) US 3 1 Russia 2 2 The table above shows the worker hours required to produce two different goods in two countries. Which country has the comparative advantage in the production of oil? US Both Neither Russia CountryA semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market. Price Quantity Quantity (dollars per unit) demanded supplied (billions of units per year) 10 25 0 12 20 20 14 15 40 16 10 60 18 5 80 20 0 100 Does the United States have a comparative advantage in producing semiconductors?A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market. Price Quantity Quantity (dollars per unit) demanded supplied (billions of units per year) 10 25 0 12 20 20 14 15 40 16 10 60 18 5 80 20 0 100 Draw a graph (graph is for your own reference, not required to be attached in the answer sheet) to illustrate the U.S. supply and demand market for semiconductors. What is the price with free international trade? What is the quantity of semiconductors produced in U.S. and total quantity bought by U.S. people and the quantity exported from other countries?