Absolute advantage Guides d'étude, Notes de cours & Résumés
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ECS1601 Assignment 2 (COMPLETE ANSWERS) 2024 - DUE 30 July 2024
- Examen • 80 pages • 2024
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ECS1601 Assignment 2 (COMPLETE ANSWERS) 2024 - DUE 30 July 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us . . Which one of the following is most likely to increase the demand for US dollars on the South 
African foreign exchangemarket? 
a. 
a decrease in international tourism by South Africans. 
b. 
a recession in South Africa. 
c. 
an expected decline in the value of the rand relative to the dollar. 
d...
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ECS3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 6 September 2024
- Examen • 17 pages • 2024
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ECS3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us... Question 1A 
Use the hypothetical information in the table below to answer the questions that follow: 
Output/hr 
Unos 
Tres 
Cellphones (ton/hr) 
18 
6 
Candles (ton/hr) 
6 
8 
(i) 
Identify the product of absolute advantage and disadvantage for both Unos and Tres. Explain your a...
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ECS3702 ASSIGNMENT 2 SEM 1 2024
- Dissertation • 20 pages • 2024 Très apprécié
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ECS3702 ASSIGNMENT 2 SEM 1 2024
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ECS3702 Assignment 2 (QUALITY ANSWERS) Semester 2 2024
- Examen • 17 pages • 2024
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This document contains workings, explanations and solutions to the ECS3702 Assignment 2 (QUALITY ANSWERS) Semester 2 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4... Question 1A 
Use the hypothetical information in the table below to answer the questions that follow: 
Output/hr 
Unos 
Tres 
Cellphones (ton/hr) 
18 
6 
Candles (ton/hr) 
6 
8 
(i) 
Identify the product of absolute advantage and disadvantage for both Unos and Tres. Explain your answer. [4 marks] 
(ii) From your answer ...
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WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+)
- Examen • 12 pages • 2024
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Disponible en pack
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WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) 
WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) 
 
view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - ANSWER - new 
 
view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist - ANSWER - evoluti...
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ECS3702 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
- Examen • 13 pages • 2024
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Well-structured ECS3702 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..Question 1A 
Use the hypothetical information in the table below to answer the questions that follow: 
Output/hr 
Unos 
Tres 
Cellphones (ton/hr) 
18 
6 
Candles (ton/hr) 
6 
8 
(i) 
Identify the product of absolute advantage and disadvantage for both Unos and Tres. Explain your answer. [4 marks] 
(ii) From your answer in (i) above, explain whether trade is possi...
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CFA Investment Foundations complete test with correct answers A+ graded
- Examen • 35 pages • 2023
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CFA Investment Foundations complete test with correct answers 
 
 
 
 
 
 
 
 
 
 
 
Absolute advantage - answers When a country is more efficient in producing a good or a service than other countries—that is, it needs less resources to produce the good or service. 
 
Absolute returns - answers The returns achieved over a certain time period. Absolute returns do not consider the risk of the investment or the returns achieved by similar investments. 
 
Accounting profit - answers Differen...
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ECN 211 final asu questions with correct answers
- Examen • 5 pages • 2023
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Disponible en pack
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The opportunity cost of an item is.... Correct Answer-what you give up to get that item 
 
Total output in an economy increases when each person specializes because Correct Answer-each person spends more time producing that product in which they have a comparative advantage in. 
 
The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good, Correct Answer-ha...
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Microeconomics Final Exam with all Answers complete
- Examen • 14 pages • 2023
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Microeconomics Final Exam with all Answers complete 
Economics 
 
Resources 
Labor 
Capital 
natural resources 
entrepreneurship 
Household 
 
firms government (economics) 
product market 
resource market 
maximize utility 
 
rational self-interest 
Marginal 
 
Microeconomics 
Macroeconomics 
Opportunity Cost Sunk Cost 
 
Law of Comparative Advantage 
Absolute Advantage 
 
Production Possibilities Frontier 
Efficiency 
Law of Increasing Opportunity Cost. 
 
Pure Capitalism
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Test Bank for Economics 4th Edition by Paul Krugman
- Examen • 81 pages • 2023
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Test Bank for Economics 4th Edition by Paul Krugman 
 
 
1.	A simplified representation that is used to study a real situation is called a(n): 
A)	model. 
B)	production possibility frontier. 
C)	assumption. 
D)	trade-off. 
 
 
2.	The models that economists construct: 
A)	usually make simplifying assumptions. 
B)	often rely on physical constructs, such as those used by architects. 
C)	rarely use mathematical equations or graphs. 
D)	attempt to replicate the real world. 
 
 
3.	When building a mod...
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