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1. Winter coat: unusually mild winter
2. Winter coat: relocate to Nepal
3. Winter coat: rock star makes it trendy to wear winter coats
4. Shorts: schools ban wearing shorts
5. Shorts: famous people wear shorts in public
6. Ski sweater: Skiing becomes more popular
7. Ski sweater: Ski sweaters are out
What Factors of production of the germane resources in each country were different in 2009 as compared to 2013?
a. Using the demand and supply framework, predict the effects on the price, quantity demanded, and quantity supplied.
b. With the enactment of this price floor for fish, what are some of the likely unintended consequences in the market?
c. Suggest a policy other than the price floor, working within the framework of demand and supply, to make it possible for small fishing villages to continue.
Can anyone help me with this question? Or lead me in the right direction, I am so so lost!!!
What would be the production possibility frontiers for Brazil and the United States?
Without trade, the United States produces AND CONSUMES 32,500 units of clothing and 125,000 cans of soda.
Without trade, Brazil produces AND CONSUMES 50,000 units of clothing and 25,000 cans of soda.
Denote these points on each COUNTRY’s production possibility frontier.
Using what you have learned and any independent research you may conduct, which product should each country specialize in, and why?