Suppose russia and sweden each produce only paper and cars. russia can produce 8 tons of paper or 4 million cars each year. sweden can produce 25 tons of paper or 5 million cars each year. draw the production possibilities frontier for each country. both countries want 2 million cars each year and as much paper as they can produce along with 2 million cars. find this point on each production possibilities frontier and label it "a." suppose the countries specialize. which country will produce cars? show the equation you used to come to the answer once they specialize, suppose they work out a trade of 2 million cars for 6 tons of paper. find new consumption point for each country and label it "b".

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Planning,organizing,  leading, and  controlling.