PPC hw - Data: Countries and Maximum Output of 2 goods 1....

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Data: Countries and Maximum Output of 2 goods 1. Japan Sweden Daily 45 ,000 cars 20,000 cars 1 ,000 carats (ct) of diamonds 6,000 carats (ct) of diamonds 2. Saudi Arabia Mexico Daily 8 Million Barrels of Oil per day (MBPD oil) 5 mbpd oil 80 Airplanes 10 Airplanes 3. Denmark Germany Daily 48,000 tons of cheese 50,000 cheese 12,000 customer service call center workers 50,000 csw’s 4. Guatemala Brazil Daily 60,000 tons of oak lumber 80,000 tons of oak lumber 30,000 tons of Coal 1,000,000 tons of coal 5. France China Hourly 500 laptop computers 1,000 laptop computers 500 tons of coffee 400 tons of coffee PPC QUESTIONS FOR IN–CLASS Take the first country (on the left) associated with the same number (above) as the question number you are assigned (below): Ignore the second country (on the right). Directions: For each, draw the graph with points A (before the shock) and B (after the shock) as described. Fully label the graph including estimated numeric values on x and y axes for points A and B. Also Label the Axes according to the units and good they each represent.
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This note was uploaded on 04/10/2010 for the course ECON 1B a taught by Professor 2 during the Spring '10 term at Foothill College.

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PPC hw - Data: Countries and Maximum Output of 2 goods 1....

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