ECON201 Saudi Electronic University Germany Production After WW II Discussion

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Question Description

Q. 1. During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve?

Q. 2. What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?

Q. 3. Are differences in geography behind the differences in absolute advantages?

  • This Assignment must be submitted on Blackboard (WORD format only) via the allocated folder.
  • You are advised to make your work clear and well-presented; marks may be reduced for poor presentation. This includes filling your information on the cover page.
  • Use Times New Roman font 12 for all your answers.

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Assignment No. 1 Course: Macroeconomics(Econ-201) Academic Year:1440-1441 H Student name: Student ID: Semester: 1st Student grade: CRN: Level of the marks: /30 Instructions: ➢ This Assignment must be submitted on Blackboard (WORD format only) via the allocated folder. ➢ Email submission will not be accepted. ➢ You are advised to make your work clear and well-presented; marks may be reduced for poor presentation. This includes filling your information on the cover page. ➢ Assignment will be evaluated through BB Safe Assign tool. ➢ Late submission will result in ZERO marks being awarded. ➢ The work should be your own, copying from students or other resources will result in ZERO marks. ➢ Use Times New Roman font 12 for all your answers. Assignment Questions Q. 1. During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve? [10 Marks] Q. 2. What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world? [10 Marks] Q. 3. Are differences in geography behind the differences in absolute advantages? [10 Marks] Answer: - ...
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TeacherMellwanner
School: University of Virginia

please find the attached. I f you need any edits let me know

Assignment No. 1
Course: Macroeconomics(Econ-201)
Academic Year:1440-1441 H

Student name:
Student ID:

Semester: 1st

Student grade:

CRN:

Level of the marks:

/30

Instructions:
Assignment Questions

Q. 1. During the Second World War, Germany’s factories were decimated. It also suffered
many human casualties, both soldiers and civilians. How did the war affect Germany’s
production possibilities curve? [10 Marks]
Q. 2. What assumptions about the economy must be true for the invisible hand to work? To
what extent are those assumptions valid in the real world? [10 Marks]
Q. 3. Are differences in geography behind the differences in absolute advantages? [10
Marks]
Answer: Economic assumptions
Q1. The Second World War affected the production possibilities curve, and it decreased, or in
other words, the possibility curve shifted to the left. The war destroyed the infrastructure, thus
cutting down the transportation of...

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