Short Written Assesements Module 3: How can cities be viewed as examples of economies of scale Fill in the table below and examine at which point will the AVC be the lowest? Quantity Total Cost Fixed...

Short Written Assesements Module 3:

1. How can cities be viewed as examples of economies of scale


2. Fill in the table below and examine at which point will the AVC be the lowest?

Short Written Assessments Module 4:

What is GDP; how is poverty measured in low income countries and how do you separate poverty and income inequality

Discussion Forum Module 4: (Answer any 1 question; address all the parts in the chosen question;

1A) In what way does comparing a country’s exports to GDP reflect how globalized is it?

1B) Canada’s GDP is $1800 billion and exports is $542 billion. What is Canada’s export ratio?

1C) GDP for USA is $16,800 billion and the current account balance is $400 billion. What percentage of GDP is current account balance?

1D) Why does trade balance and he current account balance track so closely over time?

(or)

2. Use savings and investment identity to answer the following question: Country A as a trade deficit of $200 billion, private domestic savings of $500 billion, a government deficit of $200 billion and a private domestic investment of $500 billion. To reduce the $200 billion trade deficit by $100 billion, b how much does private domestic savings have to increase