Suppose big country can produce 80 units of x by using all its resources to produce x or 60 units of y devoting all its resources to y. comparable figures for small nation are 60 units of x and 60 units of y. assuming constant costs, in which product should each nation specialize? explain why.

what are the the limits of the terms of trade between these two countries?
how would rising cost (rather than constant costs) affect the extent of specialization and trade between these two countries?

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.