Suppose big country can produce 80 units of x by using all its resources to produce x or 60 units of y devoting all its resources to y. comparable figures for small nation are 60 units of x and 60 units of y. assuming constant costs, in which product should each nation specialize? explain why.

what are the the limits of the terms of trade between these two countries?
how would rising cost (rather than constant costs) affect the extent of specialization and trade between these two countries?

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?