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Question: print last ranil use the graph below to answer questions...

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PRINT LAST RANIL Use the graph below to answer questions 6 through 9. Can Openers 14,000 12,000 10,000 8,000 6,000 4,000 2,000 1 2 3 45 6 7 8 Drill Presses 6. Which of the following events would best explain a shift from PPF to PPF? a. An increase in rate of unemployment b. An increase in the size of the labor force c. A reduction in rate of unemployment d. A reduction in the size of the labor force 7. On PPF, the opportunity cost of the 7 drillpressis approximately anogen a. 2,000 b. 4,000 c. 6,000 d. 8,000 8. On PPF, all of the following output combinations are currently attainable except a. 12,000 can openers and 0 drill presses. b. 10,000 can openers and 6 drill presses. c. 4,000 can openers and 6 drill presses. d. 0 can openers and 7 drill presses. 9. An increase from PPF, to PPF2 makes it possible to produce approxi additional can openers if 7 drill presses are produced. a, 2,000 b. 4.000 c. 5,000 d. 7,000 10. In the production possibilities model, economic growth is illustrat a. an inward shift of the production possibilities frontier. b. an outward shift of the production possibilities frontier. c. the downward slope of the production possibilities frontes frontier moving from a point inside the current production possib on the current production possibilities frontier Chapter 2 Assignments
NAME PRINT LAST NAME, FIRST NAME INTERNATIONAL TRADE the table below to answer questions 1 through 4 Wheat Corm Farmer Jones10 hours 5 hours Farmer Smith 4 hours 8 hours 1. In a time period of 40 hours, Farmer Jones is able to produce eitherunits of wheat orunits of corn. a. 5; 10 d. 10: 5 2. In a time period of 40 hours, Farmer Smith is able to produce either 4:8 com,, 3. The opportunity cost of one unit of wheat is: units of wheat or units of corn. a. b. 8:4 c. 5: 10 d. 10: 5 a. 2 units of corn for Farmer Jones and ½ unit of corn for Farmer Smith. b. unit of corn for Farmer Jones and 2 units of corn for Farmer Smith. c. 2 units of corn for both Farmer Jones and Farmer Smith. d, ½ unit of corn for both Farmer Jones and Farmer Smith. According to the principle of comparative advantage, both farmers can gain from trade it Farmer Jones specializes in the production of in the production of a. both goods; neither good b. wheat; corn 4. and Farmer Smith specializes c. d. neither good; both goods corn; wheat t Paul is able to produce a greater number of dream catchers per hour than Kaitlyn, then: Paul cannot have a comparative advantage in the production of dream catchers Paul has an absolute advantage in the production of dream catchers Kaitlyn cannot have a comparative advantage in the production of dream catchers. Kaitlyn has an absolute advantage in the production of dream catchers. a. c. d. auls opportunity cost per dream catcher is 3 pot holders, but Kaitlyns opportunity cost per dream catcher is 2 pot holders, then a. Paul has an absolute advantage in the production of dream catchers. b. Paul has a comparative advantage in the production of dream catchers. Kaitlyn has an absolute advantage in the production of dream catchers. d. Kaitlyn has a comparative advantage in the production of dream catchers. 53 Chapter 3 Assignments
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