to economic systems in all nations regardless of their level of development

To economic systems in all nations regardless of

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  to economic systems in all nations, regardless of their level of development.   Question 10 1 / 1 pts In 2006, hurricanes damaged many parts of Texas, destroying homes, businesses,  schools, and infrastructure. In strictly economic terminology, these hurricanes are said  to have caused   scarcity, because the damages made food and shelter scarce.   
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scarcity, because some goods were difficult to get.     shortages, because supplies were cut off and goods were destroyed.   tradeoffs, because some areas of the country were damaged when others were not.   - - - - - - - - - - -   - - - - - - - - - - -   - - - - - - - - - - -   For the following questions where you must type your numerical answer,  enter in  numbers only  unless you're told to do otherwise. Do  NOT  put in dollar signs, commas, or units.  Just enter the number. - - - - - - - - - - -   - - - - - - - - - - -   - - - - - - - - - - -     Question 11 3 / 3 pts  The following table illustrates the production capabilities of Ohio and Michigan.  The  two states each have the ability to make footballs and basketballs as shown: Ohio Michigan Footballs 3 per hour 1 per hour Basketballs 6 per hour 4 per hour Using this table, you must find the opportunity costs of production.  Fill in the blanks  below. Michigan's opportunity cost of producing a football is  basketballs. Ohio's opportunity cost of producing a football is  basketballs.   4 2
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Who has the comparative advantage in producing a football? The comparative  advantage in football production belongs to  . Enter M for Michigan or O for Ohio.   Answer 1: 4 Answer 2: 2 Answer 3: O   Question 12 1 / 1 pts  The following table illustrates the production capabilities of Kentucky and  Tennessee.  The two states each have the ability to make guitars and violins as shown: Kentucky Tennessee Guitars 9 per hour 10 per hour Violins 10 per hour 14 per hour Using this table, you must find the opportunity costs of production.  Tennessee's opportunity cost of producing a violin is ______ guitars.   Type your  answer in the box below.   If your answer is a decimal, round to the nearest tenth.   Incorrect Question 13 0 / 5 pts This problem considers production and comparative advantage. See the table below. Pennsylvania Maryland Bushels of 22 per acre 14 per acre O 0.7100
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Soybeans Bushels of Wheat 7 per acre 11 per acre Assume each state has 100 acres of farmland to use. Use the table above to label the graph below. The graph below is an illustration of the combined daily PPF for Pennsylvania and Maryland. Note that to numerically label the graph correctly, you must first find the correct opportunity costs and comparative advantages in production, even though you are not asked to show that work here.
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