Use the following tables to answer this question. nepal production possibilities table production alternatives product yak fat camel hides 12 16 0 16 20 32 24 kashmir production possibilities table production alternatives product yak fat camel hides 0 15 12 12 24 assume that prior to specialization and trade nepal and kashmir both choose production possibility c. now if each specializes according to its comparative advantage, the resulting gains from specialization and trade will be a. 6 units of yak fat b. 8 units of yak fat c. 6 units of yak fat and 8 camel hides d. 8 units of yak fat and 6 camel hides

When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y