What was David Hume's specie-flow mechanism?

6. Country A uses 4 units of labor to produce one unit of food and 8 units of labor to produce one unit of cloth. Country B uses 3 units of labor to produce on unit of food and 5 units of labor to produce cloth.

Assuming that labor is the only factor of production in booth countries, can these two countries gain from trade? Use a diagram to clearly explain. Be as specific as you can and clearly explain the key points on your graph.

7. What is does MRS (along an indifference curve) reflect/explain? 8.

Show how a country's production and consumption are determined under autarky. 9. What did David Ricardo mean by "comparative advantage?" 10.

What do we mean by "terms of trade?" 11. A small country produces computers and rugs. At the relative price of 10 rugs per 1 computer this country produces 50 rugs and 10 computers under autarky.

A) Draw a Neoclassical production possibilities curve and show the point of production (and consumption) for this country to reflect the information ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.