I have six assignments

Anonymous
timer Asked: Jul 5th, 2018
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Question description

  1. Define opportunity costs?
  2. Identify at least two non-monetary and monetary opportunity costs you forgo to attend classes online?
  3. What is a Production Possibilities Curve (Frontier)?
  4. How do you determine, which points are efficiency points on the Production Possibilities Curve (Frontier)?
  5. Identify at least three points on the Production Possibilities Curve (Frontier) that are efficient points?
  6. From the graph given below, Point W represents a(n) ______________________point.
  7. Point X on the graph given below represents a(n) ________________________point.

Cars

Planes

1,000

0

900

2

700

5

500

7

300

9

200

10

0

11

  1. What are three ways in which the Production Possibilities Curve (Frontier) may shift to the right?
  2. Explain why countries engage in trade?
  3. Identify and discuss trade restrictions as they pertain to the United States? Identify at least three reasons why the United States imposes trade restrictions on importing countries

Principles of Economics 1. Define opportunity costs? 2. Identify at least two non-monetary and monetary opportunity costs you forgo to attend classes online? 3. What is a Production Possibilities Curve (Frontier)? 4. How do you determine, which points are efficiency points on the Production Possibilities Curve (Frontier)? 5. Identify at least three points on the Production Possibilities Curve (Frontier) that are efficient points? 6. From the graph given below, Point W represents a(n) ______________________point. 7. Point X on the graph given below represents a(n) ________________________point. Cars Planes 1,000 0 900 2 700 5 500 7 300 9 200 10 0 11 8. What are three ways in which the Production Possibilities Curve (Frontier) may shift to the right? 9. Explain why countries engage in trade? 10. Identify and discuss trade restrictions as they pertain to the United States? Identify at least three reasons why the United States imposes trade restrictions on importing countries.

Tutor Answer

TutorLeal
School: Carnegie Mellon University

Attached.

Outline
Introduction
Body
Conclusion
References


Course Title
Student Name
Institution Affiliation

Principles of Economics

1. Define opportunity costs?
The value of goods and services, or alternatives which are foregone to participate in another
activity or enjoy other goods and services.
2. Identify at least two non-monetary and monetary opportunity costs you forgo to attend
classes online?
Non-monetary opportunity costs



Working for more hours
Spending time with my pets in the house

Monetary opportunity costs


...

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Anonymous
Wow this is really good.... didn't expect it. Sweet!!!!

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