Production and Consumption Without Trade Production With rds

Production and Consumption Without Trade Production With rds Belts stonia 100 200 OCCO 120 Estonia and Morocco can produce both swords and belts. The table above shows the production and consumpton quanttes without trade, and the production numbers with trade With trade, what is the total gain in belt production? OA. 30 B. 80 Oc. 120 O D. 210 Click to select your answer Ask a homew

Solution

1. The gain in production of the belt with the trade is (A) i.e 30 because before trade total production was 90 and after trade total production was 120.

2. The labor force participation rate is defined as the percentage of the working-age population in the labor force. Hence the correct answer is (B).

3. A decrease in the number of firms in the market would lead to a left shift of the supply curve and thus would be represented by S2 to S1. Hence the correct answer is (D).

4. The Federal Reserve\'s two main policy targets are price stability and high employment i.e option (B) is correct.

5. An inward shift in the production possibilities frontier represents a negative economic growth. Hence the correct answer is (D).