World's Largest Armies Rank Country Active 1 China 2,333,0002 United States 1,492,2003 India 1,325,0004 North Korea 1,190,0005 Russia 845,0006 Pakistan 643,8007 South Korea 630,0008 Iran 523,0009 Turkey 510,600 10 Vietnam 482,000 a. If the average North Korean farmer produces 1,800 pounds of food per year, what is the opportunity cost, in pounds of food, of North Korea's army? b. If a person needs at least 500 pounds of food per year to survive, how many people could have been fed with the forgone food output?

Suppose that the u. s. dollars-mexican pesos exchange rate is fixed by the u. s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs. which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u. s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u. s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u. s. dollars.