Problem Set #2: ECON 2206 F 2021 Comparative Advantage and Trade 1. Comparative Advantage: Refer to your answers to Question 5 on your Chapter 3 Pre-lecture Assignment to answer the following questions. If you are not confident your answer to Question 5 on your Chapter 3 Pre-lecture, be sure to double check them (perhaps with me or on the discussion board.) It is likely that they were not graded for correctness on the pre-lecture. a. Who has the absolute advantage in producing cars? How do you know this? Explain using the numbers from the statement of the problem. b. Plug in your MOCs from the Chapter 3 pre-lecture assignment into the following table. Be sure to add labels. For example, if you are calculating the MOC for one boat, the label will be in terms of cars and vice versa. Your answers to the next questions need to be justified with the numbers in the table, so be sure to enter your answers with care. c. Who has the comparative advantage in producing boats? How you know this? Support your answer with numbers from your table above. d. Who should specialize in producing boats? Why? e. Who should specialize in producing cars? Why? Support your answer with numbers from your table above. Marginal Opportunity Cost to produce: one Boat one Car Germany | | = | | = Per Unit Trade Price (use this in part f.) Italy | | = | | = f. Each of the next two questions have a proposed trade. Think about what the per unit trade amounts are and how they compare to each country’s MOC, then answer the questions (hint: I cover this towards the end of the lecture and I use a table like the one above): i. Would both countries agree to trade 1 car for 1 boat? Explain how you know this. If they don’t make the trade, who does not agree and why? ii. Would both agree to trade 2 cars for 1 boat? Explain how you know this. If they don’t make the trade, who does not agree and why?
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Your assignment may be more than 5 paragraphs but not less. INSTRUCTIONS: To access the FNU Online Library for journals and articles you can go the FNU library link here: https://www.fnu.edu/library/ In order to n that draws upon the theoretical reading to explain and contextualize the design choices. Be sure to directly quote or paraphrase the reading ce to the vaccine. Your campaign must educate and inform the audience on the benefits but also create for safe and open dialogue. A key metric of your campaign will be the direct increase in numbers. Key outcomes: The approach that you take must be clear Mechanical Engineering Organic chemistry Geometry nment Topic You will need to pick one topic for your project (5 pts) Literature search You will need to perform a literature search for your topic Geophysics you been involved with a company doing a redesign of business processes Communication on Customer Relations. 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Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard. While developing a relationship with client it is important to clarify that if danger or Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business No matter which type of health care organization With a direct sale During the pandemic Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record 3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015). Making sure we do not disclose information without consent ev 4. Identify two examples of real world problems that you have observed in your personal Summary & Evaluation: Reference & 188. Academic Search Ultimate Ethics We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities *DDB is used for the first three years For example The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case 4. A U.S. Supreme Court case known as Furman v. 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