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1.Plot all observations of the table above and draw the OLS regression line. You must draw the graph using a computer (either with a spreadsheet, e.g. excel, google sheets, libreoffice, or using Stata or other statistical package.)
You can either estimate the slope and constant of the OLS regression line by hand or use Stata or Excel (you don’t have to show your workings).
2.Explain what obligation do we all have to prevent harm and suffering and the value we all place on the freedom of expression and freedom of choice?
3.Calibri A 11 BIVA. I E 400 B 300A 100 - - - 1 -- E ?? C 500 ID 600 Y a) What kind of trade-offs, if any, does this country face if it decides to move from E to F? briefly explain your answer in no more than 3 sentences.
J, I uny, West County lace if it decides to move from E to F? briefly explain your answer in no more than 3 sentences. b) Along the B and D PPF, what is the opportunity cost of producing one extra unit of Y? Briefly explain and enter any value you might have calculated to reach your conclusion. Is the opportunity cost constant? 2 > BIU "86263"
Home Insert Draw Layout Review View oogee Calibri 11 BIVA. A 2. (5 points) The number of workers needed to produce a kilo of fish and chicken for Country A and Country B are given in the box below. Number of workers needed to produce ONE Kilo of Kilo of Fish Chicken 5 10 Country A Country B 20 25 a. Given 100 workers, enter the value of the intercepts country A's PPF and Country B's PPF. Il and Villa percent
b. Given the information in the box above which country should specialize producing fish and who should specialize producing chicken? Briefly explain why in no more than 3 sentences. Feel free to enter the values of any calculation you have made to reach this conclusion.
4.Suppose country W only produces one type of good (widgets) and produced the same number of widgets in 2018 and 2019. All money in country W is cold, hard cash. Suppose that, in every year, each unit of currency was spent four times per year on average, but that the nominal GDP of country W increased by 7% from 2018 to 2019. This must mean that the money supply of country W increased by ____ percent from 2018 to 2019.
1.
X | Y |
9 | 1 |
6 | 10 |
7 | 5 |
7 | 2 |
9 | 4 |
5 | 1 |
7 | 2 |
7 | 10 |
8 | 6 |
5 | 8 |
please see the attached file.
2.In order to understand the value of freedom of expression and freedom of choice, we need to understand what does it mean to ordinary people. For example, India as a young democracy needs to strike a balance between individual rights and what is good for society. If one state is protesting for rising prices in that state, the major political parties call for a nationwide strike taking into consideration the incident of one state. Similarly, other parties follow the same thing. The people affected by such events are the most vulnerable sections of society. For example, daily wage earners and micro-enterprises. All these occur despite being called illegal by the highest authorities of the country. They violate the rights of others.
Based on this context there are eight principles given by David Resnik:
It is also possible that our action would contradict the principle in certain situations. In such situation we need to evaluate options with principles and come in one neutral point which is called 'moral reasoning' leading to 'reflective equilibrium'. Reflective equilibrium is a state of balanced judjement.
These situations occur everyday and such approach is vital in solving such issues. Taking others into consideration and avoiding selfishness will comply with the first principle. For example, state ownership of certain sectors takes away the rights of informed choice from people. Most often, Justice is delayed for no reason. While poor suffer in prison, rich get away with it. For example, we hardly see the justice delivered to people sleeping on the pavement crashed by a fancy car.
Promises are made during elections and its forgotten after election. To comply with the principle of honesty 'the less said the better'.
3.With reference to the figure given in part a) of the question, which represents the PPFs of the two goods, X and Y, as the country shifts from the point E to point F, it essentially moves to a higher PPF. Note that in the figure the units of level of good X produced by the country is fixed at 100 units and the units of good Y produced by the country increases simultaneously implying that it does not have to give up or sacrifice the production of good X to produce more of good Y. This indicates that the country does not have to trade off or transfer any productive resources or factor endowments from the production of good X to the production of good Y and hence, does not have to trade off between good X and Y or give up more of good X to produce more of good Y.
b) Bases on the information provided in the figure in part a) of the question, along the B and D PPF curve, note that when the country produces 400 units na good X and 0 unit of good Y and 600 units of good Y and 0 unit of good X. Thus, to produce 600 units of good Y, the country gives up or trades off 400 units and the opportunity cost of producing one unit of good Y=400 units of good X/600 units of good Y=4/6=0.666 units of good X approximately, based on the information provided in the given figure. The shape of the B and D PPF is concave to the origin implying that the opportunity cost of good Y in terms of good X is not constant and is increasing.
2.a. Based on the table presented in part a. of question 2. the number of workers required to produce one kilo of fish and and chicken are 5 and 10 respectively in country A. In country B, the number of workers required to produce one kilo of fish and chicken are 20 and 25 respectively. Therefore, if country A employs all its 100 workers in the production of fish then the country would produce=(0.2*100 workers)=20 kilos and 0 kilo of chicken and if it use all its 100 workers in chicken production, then the country A would produce=(0.1*100 workers)=10 kilos of chicken and 0 kilo of fish. On the other hands, if country B employs all the 100 workers in fish production, then the country would produce=(0.05*100 workers)=5 kilos of fish and 0 kilo of chicken and if it uses all is 100 workers in chicken production, country B would produce=(0.04*100 workers)=4 kilos of chicken. Hence, the intercepts of country A's PPF would be 20 kilos of fish and 10 kilos of chicken and the intercepts of country B's PPF would be 5 kilos of fish and 4 kilos of chicken.
b. In country A, it takes 5 workers to produce 1 kilo of fish and 10 workers to produce 1 kilo of chicken at the same time implying that the workers in country A can produce fish more efficiently than the chicken as to give up each kilo of chicken production, the fish production increases by (0.2*10 workers)=2 kilos and thus, the opportunity cost of chicken production in country A is 2 kilos of fish and similarly, the opportunity cost of fish production in country A=(0.1*5 workers)=0.5 kilo of chicken. On the other hand, it takes 20 workers to produce 1 kilo of fish and 25 workers to produce 1 kilo of chicken respectively and thus, the opportunity cost of producing chicken in country B=(0.05*25 workers)=1.25 kilos of fish and the opportunity cost of producing fish in country B=(0.04*20 workers)=0.8 kilo of chicken. Now, note that the opportunity cost of producing chicken is relatively less in country B compared to country A implying that country can practically specialize in chicken production and alternatively, the opportunity cost of producing fish is comparatively less in country compared to country B meaning that country A ca possibly specialize in fish production.
4.It has been stated that country W produces only one good - widget.
The production of widget has remained same.
So, percentage change in output is 0%.
However, nominal GDP has increased by 7%.
With no change in real output, this change in nominal GDP is due to change in price level.
So,
Percentage change in price level = 7%
Velocity is constant.
So,
Percentage change in velocity = 0%
According to the Quantity Theory of Money -
% change in money supply + % change in velocity = % change in price level + % change in output
% change in money supply + 0% = 7% + 0%
% change in money supply = 7%
Thus,
This must mean that the money supply of country W increased by 7 percent from 2018 to 2019.