Assignment Instructions/ Description
Which of the following illustrates a tradeoff?A.Tom prefers iPhone while Randy prefers Android.B.I will study for my exam instead of going for the movie tonight.
New York is an expensive city.D.Randy enjoys ski vacations.Malaria can be controlledThe World Health Organization's malaria chief says that it is too costly to try to fully eradicate the disease. He says that by using nets, medicine, and DDT it is possible to eliminate 90 percent of malaria cases. But to eliminate 100 percent of cases would be extremely costly.Source: The New York Times, March 4, 2008Make a graph of the production possibilities frontier with malaria control on the x-axis and other goods and services on the y-axis.Draw a graph of the PPF that shows the tradeoff between the production of other goods and services and malaria control in a country that has malaria. Label the curve.
Free Internet?Everyone should have free Internet access to education, news, jobs, and more.Source: Internet.org by Facebook, May 4, 2015The graph plots education and news on the x-axis and other goods and services on the y-axis.Draw the economy's PPF before the Internet and label it PPF0.Draw the PPF after the arrival of the Internet if the effect on education and news is greater than on other goods and services. Label it PPF
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