Q1. If the nations do not specialize also trade but remain at alternative C in East also D in West, the combined production of East also West Wakovia will be Elucidate how much tobacco also Elucidate how much corn?
Q2. A. State whether the following statements are true or false also then briefly justify your answer in the space among questions.
1. Suppose that Nation A displayed at the end of 2011 a ratio of private credit to GDP of 120% also Nation B one of 45%. This a priori implies that at the end of 2012 credit will finance a larger proportion of total private expenditure in Nation A than in Nation B.