Question: Dont solve this problem. I need help creating 3 problems like this one answering all questions a-h. this is an example of what I need.


Dont solve this problem. I need help creating 3 problems like this one answering all questions a-h. this is an example of what I need.
I am struggling with coming up with my own 3 orginal problem.


Question 1: Germany and India only produce two goods. They have the same fixed resources, are equally efficient, and both countries have constant opportunity costs between the two goods. In one month, Germany can produce 200,000 automobiles or 60,000 hand-held computers. India can produce 150,000 automobiles or 50,000 hand-held computers. A. Graph the given information. B. What is the opportunity cost for Germany to produce automobiles? C. What is the opportunity cost for India to produce automobiles? D. What is the opportunity cost for Germany to produce hand-held computers? E. What is the opportunity cost for India to produce hand-held computers? F. Which nation has the absolute advantage in automobiles, which has the absolute advantage in hand-held computers? G. Which nation has the comparative advantage in automobiles, which has the comparative advantage in hand-held computers? H. Can these nations benefit from trade? Explain how. Be detailed, use numbers and prove your answer.Assignment Details ECONF'IOOaOLHaPrinciples of Macro EconomiCSFCRN 54870 20 pts Not Submitted Due Jun 25, 2022 at 11:59 PM Submission Types File Upload File Types pdf Submission & Rubric > Description Before you start this workbook assignment, please watch all the videos on the Production Possibilities Frontier. This workbook assignment is based off the international trade video. For the three problems that you have to create and solve on your own, pick two different nations or individuals and two goods that they both produce. Start off by explaining in words how much of each good each nation can produce in a given time frame. Set up the answer section like you have seen in the videos, where everything is in neat rows and columns. Be original, creative, and detail oriented. Set up your problem like you would see on an exam (or in the workbook) and then solve it. Please use blue/black ink for the initial problem and RED for once you are working it out and solving the problem. You must also include graphs to go along with your solution. The minimum requirements are that you solve the Qpportunity costs for each good for both nations, find comparative and absolute advantages, determine if trade should happen, and come up with one possible allocation of the 9% post trade. It's even better if you include something about the terms of trade (ex. How many of 'Good A' would Country 1 need to gain in order to give up a some of 'Good B'?). This last part is the hardest, so make sure you watch the video a few times if you get stuck here. \"*Below are the directions from the first workbook assignment, if you need to read them again.*** The Economics Workbook is a great tool to make sure you spend some time refreshing the math necessary to pass this course. For each section you need to complete the problems in the space provided in your workbook. Then, you need to create and solve 3 original problems that are similar problems to the ones that you just did. Submit Assignment 4 Previous Next > m Dashboard Calendar E To Do Q Notifications glnbox
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
