Which Tribe Has The Comparative Advantage In Spaghetti Production?

Amazing Essays
Register to read the introduction… Would this tax policy have a better effect, worse effect, or no different effect on American workers than the legislation banning the imports discussed in question 1? What kind of effect would the tax have on the Asian workers?

This would have a better effect on American workers. There would be more jobs as people would start buying more American products as there is no price difference between cheap and named brands.

2. In the ancient country of Roma, only two goods, spaghetti and meatballs, are produced. There are two tribes in Roma, the Tivoli and the Frivoli. By themselves, the Tivoli each month can produce either 30 pounds of spaghetti and no meatballs, or 50 pounds of meatballs and no spaghetti, or any combination in between. The Frivoli, by themselves, each month can produce 40 pounds of spaghetti and no meatballs, or 30 pounds of meatballs and no spaghetti, or any combination in between.

Examine the first diagram showing the monthly production possibility frontier for the Tivoli and the monthly production possibility frontier for the Frivoli.

a. Which tribe has the comparative advantage in spaghetti
…show more content…
(2013). Microeconomics (Third ed.). New York, NY: Worth

Unit _2_ Practice Assignment Grading Rubric | | | | Content | Percent Possible | Points Possible | Full assignment | 100% | 40 | | | | Overall Writing: | 20% | 8 | correct coversheet information at the top of 1st page | 5% | 2 | APA format for answers | 3% | 1 | correct citations | 3% | 1 | standard English no errors | 4% | 2 | At least ONE, or more, references | 5% | 2 | | | | Answers: provides complete information demonstrating analysis and critical thinking: | 80% | 32 | Individual Questions: | | | 1. a. - Which statements are positive, which are normative? | 7% | 3 | 1. b. - Is the policy consistent with the | 7% | 3 | 1. c. - Would Americans be better, or worse off? | 7% | 3 | 1. d. - What would be the impact on Asian workers? | 5% | 2 | 1. e. - What would shoppers see, if import tax created? | 7% | 3 | 1. f. - Is tax better, or worse than ban? | 7% | 3 | 2. a. - Which has comparative advantage in spaghetti? | 5% | 2 | 2. b. - Which has comparative advantage in meatballs? | 5% | 2 | 2. c. - With innovation who has absolute advantage in meatballs? | 5% | 2

Related Documents

  • Decent Essays

    Tick Tock Case Study

    • 421 Words
    • 2 Pages

    One bacon burger is 740 calories, 370 saturated fat, 1480 sodium. That is in one burger. They have people that make 100 burgers just to pick one, glue seeds on it, airbrush it. For god's sake do you really think they are. Fast food is a treat you are not supposed to eat it every day.…

    • 421 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    This burger seems to be very healthy overall. Strengths include the calories, fat, cholesterol, and fiber. One burger contains 84 calories compared to 100-200 calories per burger. The sweet mama burger has only 1% total fat and has no saturated fat, trans fat or cholesterol. A downfall in the recipe is the sodium content, the burger contains 508.0mg of sodium in only one burger which is very high.…

    • 821 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Fast Food Culture

    • 1547 Words
    • 7 Pages

    Based form the report, it was found that a fast food burger has an insignificant difference between a homemade burger in terms of nutritional value and calories. A 3-1/2 oz. fast food ground beef burger on white bread with ketchup, mustard, onions and pickles contain 248 calories. While a 4-1/2 oz. homemade lean ground beef burger with the ingredients that they desire only contains 301 calories.…

    • 1547 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    Porterhouse and ribeye steaks are both considered among the best cuts for their flavor and ease of cooking. Both can be tender, juicy and flavorful when prepared correctly but does not mean that they are exactly the same. There are certain important qualities to take into account when choosing between these steaks. Which one is easier to cook? Is one better suited for certain cooking methods than the other?…

    • 629 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    As McDonald’s continued to expand across the nation, in the mid-1960s, it needed to compress employment costs, diminish the number of corporations they bought from, and guarantee that its fries tasted indistinguishable at every store within the chain. McDonald's started switching from their deliciously fresh potatoes to frozen french fries in 1966 and only few consumers realized that there was ever a nonconformity. Nowadays, McDonald's fries come from large industries that peel, slice, cook, and freeze two million pints of spuds each and every day. McDonald's is the biggest purchaser of potatoes in the United States today (Schlosser 669). The flavor of McDonald's french fries is part of a very important role in the chain's achievements.…

    • 623 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Boca Burger Observation

    • 2185 Words
    • 9 Pages

    Not to mention that Boca burger tastes great too. For those who are not familiar with Boca burger, Boca burger is a vegetarian meat replacement, or imitation. I prefer the burger crumbles which is a replacement for ground beef or ground turkey. The Boca crumbles are made out of soy protein. One box comes with three individual packets that contain Boca burger.…

    • 2185 Words
    • 9 Pages
    Decent Essays
  • Decent Essays

    Swot Analysis For Chipotle

    • 1924 Words
    • 8 Pages

    (4) The prices for a burger will no more $4. (3) And normally a burger in store will sell $4-$5 dollars,(5) and those burger always not healthy foods. Besides that, Whole food also has own healthy food store in the market that needs to be considering as a threatened as well. DETERMINE THE IMPACTS Whole food have 1200s stores in national wide,(7) the profit margin is 4.33% last quarter,(6) their consumers have no sensitive of price but focus on the qualities. It gives Shake shack a huge press, because they cannot exhibit their entire food ingredient to make the customer to confirm their food is good.…

    • 1924 Words
    • 8 Pages
    Decent Essays
  • Decent Essays

    Unhealthy foods are much cheaper and more appealing than the healthier option. Thus, a reason people lead towards obesity. Re-establishing fair prices, by means of placing a tax revenue on unhealthy foods, will decrease the rate of obesity in the United States. The cost disparity among unhealthy…

    • 1747 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    American Fast Food

    • 1840 Words
    • 8 Pages

    Obesity rates 50 years ago were no higher than 15%, but today Mississippi and West Virginia top the charts with record numbers of 35.1% (Levi). Calories, along with many other unknown facts, can be consumed throughout the day and not burned off properly at a steady rate if no physical exercise is accounted for. In a Burger King Triple Whopper Sandwich alone, there are over half a day’s supply of calories, not including a side order and a fountain drink. However, quite an abundance of people believe that the meals all fast food places serve are loaded with junky ingredients and fat additives, but Subway, Panera, and Jason’s Deli are a few names who try to remain as fresh as possible (Oches). At Subway, the six-inch foot long with the most calories hits at 570, nearly half of the largest at Burger King.…

    • 1840 Words
    • 8 Pages
    Decent Essays
  • Decent Essays

    On day 1 I had scrambled eggs with milk and butter which had 1.14 grams of fatty acid, and a hot dog wiener with 0.07 grams of fatty acids. On day 2 the only food that I consumed that had fatty acids, was fried vegetable rice with 0.04 grams of fatty acids. On day 3 the only food I consumed with fatty acids was a hot pocket with ham and cheese with 0.23 grams of fatty acids. The recommended intake for omega 3 fatty acids is 1.6 grams a day. My total omega 3 fatty acid intake for my 3 day average was 0.66 grams.…

    • 761 Words
    • 4 Pages
    Decent Essays