Homework Answers
Answer- freely trade computers and cell phones to meet improve allocative efficiency.
The correct answer is the countries Zanabar and Abathana should allow free trade to improve allocative efficiency so that they can have better desirable combination of computers and cell phones.
Second option is being rejected because they might not want exactly equal number of cellphone and computers oncce trade takes place. Equal amount does not necessarily create efficiency over there. First is not correct, it can not be predicted which is more worthful.
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C or D， Thank you If a large country in the world trade instituted a large...
C or D， Thank you
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Suppose country A produces 3 goods only; textbooks, computers
and cell-phones. The total production and prices of all goods are
given in the following table. Year 2000 is the base year.
Calculate the inflation rate between 2000 and
2002.
Item 2000 Price Quantity $200 $1,000 5 $600 10 12 2001 Price Quantity $250 $1,200 9 $650 15 Textbooks Computers Cell-phones 16 2002 Price Quantity $400 $1,500 7 $800 12 14
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C or D， Thank you
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