Posted: March 24th, 2017
TCO E) Answer the next question on the basis of the following production possibilities data for Egypt and Greece: Egypt production possibilities: A B C D E Shirts 0 50 100 150 200 Pants 1600 1200 800 400 0 Greece production possibilities: A B C D E Shirts 120 90 60 30 0 Pants 0 90 180 270 360 Refer to the above data. What would be feasible terms of trade between Egypt and Greece? Additional Requirements Level of Detail: Show all work 8. (TCO F) Country A produces two goods, elephants and saddles. In the year 2006, the 10 units of elephants produced sold for $2,000 per unit and the 25 units of saddles produced sold for $200 per unit. In 2007, the 20 units of elephants produced sold for $3,000 per unit, and the 50 units of saddles produced sold for $300 per unit. Real GDP for 2007, assuming that 2006 is the base year, is ______. 9. (TCO E) A Honda Accord sells for $28,000 in the United States and for SF35,520 in Switzerland. Given an exchange rate of SF1.25 = $1, how do the car prices of both countries compare? Additional Requirements Level of Detail: Show all work
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