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Economics

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1.Calibri 11 BIVA. A E A 400 B 300 | A 100 - -- - 1 - E ? ? 500 ID 600 0 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.
JJ, uny, uves Liis County ide 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" "86263
Home Insert Draw Layout Review View Calibri 11 ? ? ? A. E e 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. B 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. Villa and Β Ι Ο percent.

2.1. Make 1 example of the linear demand function and the supply linear function. Identify the elements that exist in this function.
2. State the conditions of equilibrium and calculate the equilibrium solution of the function.
3. Describe the equilibrium condition on a graph.

3.Describe how changes in expected inflation impact an economy in the wake of a temporary negative supply shock.

4.Answer the following questions based on the given data. (EXPENDITURE APPROACH)

Components

RM (million)

Export

500

Personal consumption expenditure

1400

Changes in stock

-40

Indirect business tax

30

Government expenditure

990

Investment

1000

Personal income tax

80

Subsidies

50

Imports

400

Factor Income paid abroad

80

Depreciation

40

Factor Income received from abroad

90

 

Calculate:

i.Gross Domestic Product at market price   

ii-Gross Domestic Product at factor cost

iii-Gross National Product at factor cost

iv- National income

5.Economists disagree on the reasons fro IPP, in one view, it is an instrument of competition between domestic and international, what is the second view adopted economists and what is their option about price collusion