Toronto Metropolitan University

The following hypothetical production possibilities tables for China and Canada. Assume that, before specialization and trade, the optimal product mix for China is alternative D and for Canada is alternative S. China Production Possibilities Product A B C D E F Apparel (in thousands) 20 16 12 8 4 0 Chemicals (in tons) 0 8 16 24 32 40 Canada Production Possibilities Product R S T U V W Apparel (in thousands) 60 48 36 24 12 0 Chemicals (in tons) 0 12 24 36 48 60 a. Are comparative cost conditions such that the two areas should specialize? (Click to select) If so, what product should each produce? China should produce (Click to select) . Canada should produce (Click to select) . b. What is the total gain in apparel and chemical output that would result from such specialization? Instructions: Enter your responses as whole numbers. Apparel: units Chemicals: tons c. What are the limits of the terms of trade? Limits of the terms of trade = units of apparel for 1 ton of chemicals and units of apparel for 2 tons of chemicals. Suppose that the actual terms of trade are 1 unit of apparel for 1½ units of chemicals and that 8 units of apparel are exchanged for 12 units of chemicals. What are the gains from specialization and trade for each nation? Gain of units of apparel and tons of chemicals.

Assume that the comparative-cost ratios of two products—baby formula and tuna fish—are as follows in the nations of Canswicki and Tunata: Canswicki: 1 can baby formula = 5 cans tuna fish Tunata: 1 can baby formula = 7 cans tuna fish In what product should each nation specialize? Canswicki should produce (Click to select) , and Tunata should produce (Click to select) . Would the following terms of trade be acceptable to both nations? a. 1 can baby formula ≡ 4 cans tuna fish: (Click to select) b. 1 can baby formula ≡ 5.5 can tuna fish: (Click to select) c. 1 can baby formula ≡ 8 cans tuna fish: (Click to select)

Select the component(s) of an SSD. (more than one right choice question) 1. life line 2. system class 3. actor 4. messages

When a loop needs to be included in an SSD, _____________. (more than one right choice question) 1. an * could be used to represent the loop 2. a frame could be used to capture the loop 3. a message needs to be repeated multiple times to represent the loop 4. another sequence diagram needs to be inserted to represent the loop

A sum of $6,700 is due for payment 2 years from now. If money is worth 5.8% compounded monthly, determine the equivalent value 8 years from now. Question 3 options: a) $12,172.38 b) $9,480.80 c) $9,862.31 d) $14,243.69 e) $12,556.66

What principal will have a future value of ​$5788.35 at simple interest rate of 6.2 %6.2% in three ​months?