01 May Question: 4. The countries of Orion and Scorpius are small mountainous nations. Both produce granite and bl…
4. The countries of Orion and Scorpius are small mountainous nations. Both produce granite and blueberries. Each nation has a labor force of 800. The table below gives production per month for each worker in each country. Assume productivity is constant and identical for each worker in each country. Orion and Scorpius Tons of Granite 6 Bushels of Blueberies Orion workers Scorpius workers 2. 2.4 2. has a comparative advantage in the production of granite has a comparative advantage in the production of 1.2 Use the graph to sketch the PPFs for both countries. 1.) Using the line drawing tool, sketch the production possibility frontier for Orion. 0.0 0.8 16 24 3.2 4.0 4.8 5.6 6.4 7.2 8.0 Blueberries (thousands of bushels) Label your line PPF Orion 2.) Using the line drawing tool, sketch the production possibility frontier for Scorpius. Label your line ‘PPF Carefully follow the instructions above and only draw the required objects. Given that, without trade, each country will want to consume an equal number of tons of granite and bushels of blueberries. Orion will produce and consume units of both granite and Scorpius will produce and consume units of both granite and Total production and consumption will be units of both granite If the countries decide to trade and each country completely specializes, Orion will produce tons of granite and Scorpius will produce bushels of blueberries. World production of granite increases by production of blueberries increases by tons and world bushels.
Assume 1,920 tons of granite are traded for 3,920 bushels of blueberries. Orion will consume of blueberries. tons of granite and bushels Scorpius will consume bushels of blueberries. tons of granite and Orion consumers (3) consumption of granite. Scorpius consumers (5) consumption of granite (1) O Neither country Orion ○ Scorpius (2) O Orion (3) O increased (4) O increased (5) did not change O Neither country O Scorpius O did not change O did not change O did not change
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