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Hello, kindly check the assignment in the attachment
Surname 1
Surname
Professor
Course
Date
International Trade Finance
1. a) Linear graph illustration (domestic production)
Wheat (tons)
Alpha
80
60
40
20
0
60
45
30
15
0
60
45
30
15
0
Steel (tons)
Omega
70
60
60
Wheat (Tons)
50
45
40
30
30
20
15
10
0
0
20
15
10
Steel (TOnS)
5
0
Surname 2
b) Using the concept of international trade, countries are more efficient in production and
achieve comparative advantage and benefits when trading with others. For instance Alpha trades
1 ton of steel for 2 tons of wheat. The amount labor and time put to produce 2 tons of wheat by
Omega, Alpha could use the time and labor to produce more tons of steel.
Overall, the same amount of wheat is produced in both cases: Omega produces low tons of steel
while Alpha produces more additional tons of steel. The extra kilogram of steel is a measure of
the gains from trade by Alpha confirming the achievement of compensation level.
c) Alpha manages has the possibility of producing up to 30tons of wheat and 30tons of steel
while omega has the potential of producing 10 ton steel and 30 tons of wheat. The consumption
of steel will increase in Omega to meet the market demand while at point C.
2. a) In the event the composition of the faculty is changed through unanimous agreement by
AAUP regarding dissolution of non-US university graduates to qualify as professors the
consequence would be seen as abandonment of the objective to integration diversity in higher
education to achieve globalization.
Upon such a policy change the individuals in the 4th-year with college degree will be the
recipients as the demand for U.S college...