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- This Assignment must be submitted on Blackboard (WORD format only) via the allocated folder.
- Email submission will not be accepted.
- You are advised to make your work clear and well-presented; marks may be reduced for poor presentation. This includes filling your information on the cover page.
- Assignment will be evaluated through BB Safe Assign tool.
- Late submission will result in ZERO marks being awarded.
- The work should be your own, copying from students or other resources will result in ZERO marks.
- Use Times New Roman font 12 for all your answers.
Q. 1. During the Second World War, Germanyâ€™s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germanyâ€™s production possibilities curve? [10 Marks]
Q. 2. What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world? [10 Marks]
Q. 3. Are differences in geography behind the differences in absolute advantages? [10 Marks]