Explain how would each nation benefit from trade

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Q. If Englad can produce either 15 units of corn or 30 sweaters in one unit of labor and Portugal can produce 10 units of corn and 5 sweater in one unit of labor as well, explain how would each nation benefit (numerically) from trade?

Q. A sample of 50 homes in a subdivision revealed that 24 were ranch style (as opposed to colonial, bi-level or cape cod). (a) Construct a 98 percent confidence interval for the true proportion of ranch style homes. (b) Check the normality assumption. In other words,

Reference no: EM1349024

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