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Economics

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11. Why is communication a process?
2. What are the important elements of communication?.

2.Based on the conducted semi-structured interview/online correspondence with an OFW and materials you have read and watched, work on an expository essay with the following points as your guide (but do not be limited to this guide):

• multi-generational differences experienced, at home, school, and possibly at work
• being an Overseas Filipino Worker and mingling with other culture
• How communication can be used to address the different diversity issues in the workplace?

3.Why does the production possibility curve slopes downwards to right and why is it concave from the origin ?

please explain in simple language and also in detail

4.Crime prevention is considered a public good. a) What are public goods and services? Explain why public goods and services are provided. b) Identify and explain the characteristics of public goods and services.- c) What is a common method used to determine an appropriate quantity of crime prevention activities, and detail how it would be evaluated? d) What else must be considered in determining the appropriate level of expenditure on crime prevention activities? Use a graph to illustrate. ? I

5.estion 8 is based on the following diagram: a ? b IS, IS Which one of the following statements is correct? Goods market equilibrium exists only at points a and b. At point c the level of autonomous spending is lower than at point a. At point c the level of autonomous spending is the same as at point a. At point a the demand for goods is lower than at point b. 85

6.Use the Heckscher-Ohlin (HON) Trade Model to analyze trade patterns between the two countries represented by Table 1. (Total: 15 points). Table below represents the availability of production factors in Nigeria and South Africa.

South Africa Nigeria 2 machines Capital 50 machines Labor 150 workers 10 workers

1. Based on the above table, calculate the factor abundance of both countries

2. Based on the aforementioned ratios which country offers the best labour opportunity. Motivate your answer.

3. Considering the aforementioned which country, South Africa or Nigeria, will export the capital-intensive product?