Hog Sverige! Noise envelopes the forest. 15,000 soldiers of Osson had gathered to celebrate the fall of

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Hog Sverige! Noise envelopes the forest. 15,000 soldiers of Osson had gathered to celebrate the fall of Odense. Singing and celebrating in the cold winter of 1230 AD. Osson was a great Swedish warrior that reigned between 1230 AD and 1275 AD. At the war front, he was fearless, indomitable and brutal. His followers called him the conqueror.

In 1232, Osson and his soldiers dared the cold winter and invaded Vaasa in today’s Finland. Osson thought Vaasa was rich in salt and alligator pepper. After three days of war, Osson conquered Vaasa and his men looted Vaasa. They got salt, pepper and gold. Osson sold the loot and shared the proceedings with his men. Osson’s army likes meatballs, potato and pancakes. After the invasion, their consumption of meatballs and potato increased while consumption of pancakes decreased.

On his return to Sweden, Osson intended to build huge artillery of bows and arrows. Bows and arrows are used together. In 1236, he approached Germania for irons. Germania was the land of the Barbarians. They were known for metal made artillery. A Barbarian makes ten arrows in one hour and a Swedish will make two arrows. Swedish were known for their skills in fur blankets. They lived in the coldest part of Europe. In one hour, a Swedish will make 10 fur blankets while a Barbarian makes five fur blankets. Trade between Germania and Sweden increased to record high in 1240. A gold coin known as lak was used as a means of payment.

By 1246, Osson had stockpiled enough irons. He waged an aggressive war against all cities. By 1249, his empire had stretched from Umea in today’s northern Sweden to Bergen in Norway. He drove the Barbarians further to Southern Alps of today’s France. By 1255, Osson had achieved his dream of becoming the most powerful known man of his time. He called his territory Vald.

Fur is a common commodity in Europe. It is used to make blankets and clothing. One kilogram of fur was 2 laks in 1255. Emersson, Osson’s cousin brought the news to Vald that one kilogram of fur sells for 1 lak in Persia. Many citizens of Vald started to buy fur from Persia.

In the spring of 1256, Fur producers in Vald matched to Osson’s castle demanding an action on foreign furs. Osson reacted by making it illegal for anyone to buy fur from Persia or other countries. The citizens of Vald were unhappy. Belistotle, a Greek Philosopher warned Osson of the consequences of his actions. Osson did not listen.

In 1265, the Persian Sheik Ahlim sent an emissary to Osson asking for a lift in the ban in return of ten percent remittance from fur trade to Vald. Osson allowed only 10,000 kg of Persian fur into Vald. Sheik Ahlim was unhappy and threatened Osson with war. Sheikh Ahlim had the most coordinated army. His territory spanned over today’s Turkey to the Arabian Peninsula.

Osson decided to fight Persia! In 1267, Osson organized his strong army of 89,000 men to face the Persian. As they got to the war front, Osson army formed a line. The time had come. The time for honor and glory, as they screamed and raced towards the Persian army, my alarm rang! I woke up. My television had been on for more than five hours. I had slept off while watching the movie titled 300.

Answer the following question:
a). Using relevant concepts reviewed in class, motivate why Germania and Sweden should specialize and trade.
b). Using relevant graphs, show the impact of Persia on consumer surplus and producer surplus of Vald.
c). Use a simple demand and supply graph to illustrate the impact of Persian furs on labor market for furs workers in Vald.
d). Name the type of government intervention(s) in the story?
e). What is the impact of the intervention(s) mentioned above on economic surplus of Vald?
f). Mention any 3 types of goods mentioned in the story.
g). Draw a hypothetical production possibility curve for Sweden before 1230, in 1236, and 1255. Explain the PPF.