Moving to another question will save this response. Question 32 What is the opportunity cost of one gizmo in Alpha? O 1.5 widgets O 2.5 widgets O 3 widgets 4 widgets Moing to another question will save this response. Question 30 1 points Assume a two-country, two-good world. Alpha is endowed with 500 units of unsklled labor, while Beta is endowed with 200 units of highly skiled labor In Algha a und fb can produce either 6 widgets or 4 gizmos, while in Beta a unit of labor can produce either 10 ildgets or 80 gizmos, Initally Alpha and Beta do nat tade Each alocales one halt of its labor force to the production of widgets and the other half to the production of gizmos. T fore, Alpha produces 1,500 widgets and 1,000 gizmors O TRUE O FALSE. Moving to another question will save this response. Question 31 Beta produces 1,000 widgets and 8,000 gizmos. O TRUE O FALSE Moving to another question will save this response. @ o search lollg to another question will save this response. Question 33 What is the opportunity cost of a widget in Beta? O 12 gizmos O 6 gizmos 3 gizmos O 8 gizmos > Moving to another question will save this response o search Question 34 Enter trade. Beta proposes terms of trade of 3 gizmos for one widget Beta 3,600 gizmos at the proposed terms of trade? 1 points Savwe and Alpha in widgets, how many widgets would Beta receive in exchange fo O 1,200 1.100 1,000 O1,300 -) Moving to another question will save this response search Question 36 How much better is Alpha after trade as comparedthe before trade case? O 30% more widgets and 60% more gizmos 30% more widgets and 40% more gizmos 25% more widgets and 65% more gizmos 20% more widgets and 260% more gizmos. Moving to another question will save this response. search Question 37 How much better is Beta after trade as compared to the b ore trade case? O 30% more widgets and 55% more gizmos 20% more widgets and 55% more gizmos O 20% more widgets and 65% more gizmos 20% more widgets and 60% more gizmos. A Moving to another question will save this response to search Moving to another question will save this response. Question 38 Question 38 of 40 Suppose that widget producers in Beta asks for protection from "unfair foreign competition, and the govemment levias a tarf on Apha M surrender 3 widgets to import 3 gizmos. Alpha will prefer not to trade TRUE O FALSE Question 38 o0 Moving to another question will save this response 625 PM arch Moving to another question will save this response. Question 39 As a result of the tariff, both countries are better off O TRUE O FALSE A Moving to another question will save this response Question 40 If the inflation rate in Mexico rises relative to that in the U.S, t USD will appreciate, other things equal O TRUE O FALSE A click submit to complete this assessment. search Moving to another question will save this response. Question 32 What is the opportunity cost of one gizmo in Alpha? O 1.5 widgets O 2.5 widgets O 3 widgets 4 widgets Moing to another question will save this response. Question 30 1 points Assume a two-country, two-good world. Alpha is endowed with 500 units of unsklled labor, while Beta is endowed with 200 units of highly skiled labor In Algha a und fb can produce either 6 widgets or 4 gizmos, while in Beta a unit of labor can produce either 10 ildgets or 80 gizmos, Initally Alpha and Beta do nat tade Each alocales one halt of its labor force to the production of widgets and the other half to the production of gizmos. T fore, Alpha produces 1,500 widgets and 1,000 gizmors O TRUE O FALSE. Moving to another question will save this response. Question 31 Beta produces 1,000 widgets and 8,000 gizmos. O TRUE O FALSE Moving to another question will save this response. @ o search lollg to another question will save this response. Question 33 What is the opportunity cost of a widget in Beta? O 12 gizmos O 6 gizmos 3 gizmos O 8 gizmos > Moving to another question will save this response o search Question 34 Enter trade. Beta proposes terms of trade of 3 gizmos for one widget Beta 3,600 gizmos at the proposed terms of trade? 1 points Savwe and Alpha in widgets, how many widgets would Beta receive in exchange fo O 1,200 1.100 1,000 O1,300 -) Moving to another question will save this response search Question 36 How much better is Alpha after trade as comparedthe before trade case? O 30% more widgets and 60% more gizmos 30% more widgets and 40% more gizmos 25% more widgets and 65% more gizmos 20% more widgets and 260% more gizmos. Moving to another question will save this response. search Question 37 How much better is Beta after trade as compared to the b ore trade case? O 30% more widgets and 55% more gizmos 20% more widgets and 55% more gizmos O 20% more widgets and 65% more gizmos 20% more widgets and 60% more gizmos. A Moving to another question will save this response to search Moving to another question will save this response. Question 38 Question 38 of 40 Suppose that widget producers in Beta asks for protection from "unfair foreign competition, and the govemment levias a tarf on Apha M surrender 3 widgets to import 3 gizmos. Alpha will prefer not to trade TRUE O FALSE Question 38 o0 Moving to another question will save this response 625 PM arch Moving to another question will save this response. Question 39 As a result of the tariff, both countries are better off O TRUE O FALSE A Moving to another question will save this response Question 40 If the inflation rate in Mexico rises relative to that in the U.S, t USD will appreciate, other things equal O TRUE O FALSE A click submit to complete this assessment. search