The nation that has the absolute advantage in peanuts is India.
<h3>How to solve for the absolute advantage of these countries</h3>
a. The country that has the absolute advantage in the pounds of peanuts is India. They are able to produce 10 million worth of the product.
b. This is in the attachment
c. From the calculated opportunity costs, India has been shown to have the comparative advantage in peanuts so they have to specialize here.
The US on the other hand has to specialize in pecans because they have the comparative advantage in it.
d) The PPC for each country is a diagram
e. ) The terms of trade would be a pound of peanut for a pound of pec an for the countries.
Based on this the US would produce 10 units for pecans. They would use 5 units and exchange the remaining 5 units of pecans for 5 units of peanuts from India.
India is also going to do likewise.
Read more on production possibility curve here:
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The variable is the group that was given caffine, because thats what the doctors manipulated. They possibly altered the natural memory of the participants by giving them caffine. A more specific variable could be how much caffine each participant is given and what time are they given it.
Answer: im breanna
try a. a garden with three plants side by side
Explanation:
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If consumer confidence decreases then aggregate demand will
decrease and output will decrease but price level will increase.
If Congress passes a plan to cut the national debt in half by increasing personal income taxes, then
AD shifts left and price level would decrease
Question 5(Multiple Choice Worth 3 points)
Assume Angela’s disposable income is $800 and her boss gives her a $100 raise. Her consumption increased from $600 to $650. Which of the following is true?
MPC = .75
The value of the expenditure multiplier increases when
tax rates increase.
the marginal propensity to consume increases.
Disposable Income Consumer Spending
$12,000