Consider the example of trade between the United States and Mexico described in the tables below. Country #of workers needed to #of workers needed to produce
1,000 units- Shoes produce 1,000 units- TVs
United States 6 workers 1 worker
Mexico 8 workers 5 workers
Total Production Before Trade
Country Current TV Production Current Shoe Production
United States 10,000 60,000
Mexico 7,500 12,000
Total 17,500 72,000
Suppose that each country currently has 120 workers and each decides to transfer some amount of labor toward its area of comparative advantage. The United States transfers 30 workers away from shoes toward producing TVs. Mexico transfers 50 workers away from TVs toward producing shoes. What will be the new total output of shoes for both countries combined?

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery