Turkey and Germany produce cars (C) and food (F) using capital and labour. Markets are competitive and technologies are identical in both countries. Producing a car requires 8 units of capital and 8 units of labour. Food production requires 6 units of capital and 10 units od labour. Turkey is endowed with 800 units of capital and 1200 units of labour. In Germany, there are are 1000 units of capital and X units of labour, where X is a positive number. In each country, factors of production are fully mobile across industries. Transitioning from autarky to free trade will increase welfare of capitalists in Germany if: a) X> 750

b) X<800

c) X>1200

d) X<1500

e) X<1200

trade allows people to focus on one kind of production and trade for their other needs. ( d.)

answerattainable;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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