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Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The production-possibilities schedules in the table below describe their potential output in tons per year.
(a) What is the opportunity cost of pearls on each island (before trade)?
(b) Which island has a comparative advantage in pineapple production? Please explain your answer Alpha Beta Pearls Pineapples Pearls Pineapples 0 30 0 20 2 25 10 16 4 20 20 12 6 15 30 8 8 10 40 4 10 5 45 2 12 0 50 0
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Show how expansionary fiscal and monetary policies work. Under what conditions would these policies work more, or less, effectively?
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Elucidate what would be the budget request for FY13 for this effort.
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Make the adjusting entry for manufacturing overhead also suppose the balance is allocated completely to Cost of Goods Sold.
Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase.
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