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SOLUTIONS
MANUAL
FOR
Principles of Economics
6th Edition
By Frank
ISBN13-9780078021855
CHAPTER 2 COMPARATIVE ADVANTAGE
2. A reduction in the number of hours worked each day will shift all points on the
production possibilities curve inward, toward the origin, as this reduces the maximum
amount that can be produced of either good. The graph below illustrates this situation.
Coffee
(lb/day)
PPC 1
PPC 2
Nuts (lb/day)
Learning Objective: 02-03
AACSB: Reflective Thinking
Bloom’s: Understand
3. Technological innovations that boost labor productivity will shift all points on the
production possibilities curve outward, away from the origin. The graph below illustrates
this situation.
1
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any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Coffee
(lb/day)
PPC2
PPC1
Nuts (lb/day)
Learning Objective: 02-03
AACSB: Reflective Thinking
Bloom’s: Understand
4. According to the Principle of Comparative Advantage, people will perform their own
services when the opportunity cost of doing so is low. This implies that performing
services yourself is not a matter of whether you are rich or poor but rather the opportunity
cost of your time. Furthermore, limited specialization will mean less overall production
for a nation, which is usually interpreted as poverty.
5. The fact that English has become the de facto international language has done much
to stimulate international demand for American-made books, movies and popular music.
The large size of the American market has given the United States an additional
advantage over other English-speaking countries, like England, Canada, and Australia.
Answers to Problems
1. In the time it takes Ted to wash a car he can wax three cars, which is his
opportunity cost of washing one car. In the time it takes Tom to wash one car, he can wax
two cars, which is his opportunity cost of washing one car.
2
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Alternatively, you can compute how many cars each person can wash or wax in a certain
time period, such as an hour, and then use these quantities to compute their respective
opportunity costs: Ted can wash one car or wax three, so his opportunity cost of washing
one car is 3 (or 3/1) wax jobs. Likewise, Tom can wash two cars or wax four, so his
opportunity cost of washing one car is 2 (or 4/2) wax jobs.
Because Tom’s opportunity cost of washing a car is lower than Ted’s, Tom has a
comparative advantage in washing cars.
2. In the time it takes Nancy to replace a set of brakes she can complete one-half of a
clutch replacement; her opportunity cost of replacing a set of brakes is therefore one-half
of a clutch replacement. In the time it takes Bill to replace a set of brakes, he can
complete one-third of a clutch replacement; his opportunity cost of replacing a set of
brakes is therefore one-third of a clutch replacement.
Alternatively, you can compute how many clutches or brakes each person can replace in
a certain time period, such as 6 hours, and then use these quantities to compute their
respective opportunity cost: Nancy can replace 1.5 clutches or 3 sets of brakes in that
time, so her opportunity cost of replacing one set of brakes is one-half of a clutch
replacement (1.5/3). Likewise, Bill can replace 1 clutch or 3 sets of brakes, so his
opportunity cost of replacing one set of brakes is one-third of a clutch replacement (1/3).
Bill’s opportunity cost of replacing a set of brakes is lower than Nancy’s, so Bill has a
comparative advantage in replacing brakes. This also implies that Nancy has a comparative
advantage in replacing clutches. Finally, Nancy has an absolute advantage over Bill in
replacing clutches since it takes her two hours less than it takes Bill to perform that
job. Since Nancy and Bill take the same amount of time to replace a set of brakes, neither
person has an absolute advantage in that task.
3
© 2016 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Dresses
per day
32
Loaves of bread
0 64 per day
b. As the graph shows, 28 dresses per day and 16 loaves of bread per day is outside
the production possibilities curve (PPC) and is therefore an unattainable
combination for Helen. The combination of 16 dresses per day and 32 loaves of
bread per day is both attainable and efficient. Finally, 18 dresses per day and 24
loaves of bread per day is a combination that lies beneath the PPC, which is
attainable but inefficient. Here, Helen could either complete more dresses or
more loaves of bread per day.
Dresses
per day
32
a
28
18 c b
16
0 16 24 32 64 Loaves of bread
per day
Learning Objective: 02-03
AACSB: Analytic
Bloom’s: Apply
4. a. As shown below, the new machine doubles the value of the vertical intercept of
Helen’s PPC.
4
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any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Dresses
per day
64
32
Loaves of bread
0 64 per day
b. Since Helen can sew twice as many dresses per hour as before, she can now sew
any given number of dresses in half as much time as before. With the time saved,
she can bake additional loaves of bread.
c. The upward rotation of Helen’s PPC means that she is now able for the first time
to produce at any of the points in the shaded region of the graph above. Note that
her menu of opportunity increased with respect to dresses and with respect to
bread as well. For example, she can now produce 32 dresses and 32 loaves of
bread instead of 32 dresses and no loaves.
5. a. Their maximum possible coffee output is 36 pounds per day (12 from Tom and 24
from Susan).
b. Their maximum possible output of nuts is also 36 pounds per day (12 from
Susan and 24 from Tom).
c. Tom should be sent to gather nuts, since his opportunity cost (half a pound of
coffee per pound of nuts) is lower than Susan’s (2 pounds of coffee per pound of
nuts). Since it would take Tom only one hour to gather four pounds of nuts, he
5
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any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
can still pick 10 pounds of coffee in his 5 working hours that remain. Added to
Susan’s 24 pounds, they will have a total of 34 pounds of coffee per day.
d. Susan should be sent to pick coffee, since her opportunity cost (half a pound of
nuts per pound of coffee) is lower than Tom’s (2 pounds of nuts per pound of
coffee). It will take Susan 2 hours to pick 8 pounds of coffee, which means that
she can still gather 8 pounds of nuts. So they will have a total of 32 pounds per
day of nuts.
e. To gather 26 pounds of nuts per day, Tom should work full time gathering nuts
(24 pounds per day) and Susan should spend one hour per day gathering nuts (2
pounds per day). Susan would still have 5 hours available to devote to picking
coffee, so she can pick 20 pounds of coffee per day.
f. The point 30 pounds of coffee per day and 12 pounds of nuts per day can be
produced by having Susan work full time picking coffee (24 pounds of coffee
per day) while Tom spends 3 hours picking coffee (6 pounds of coffee) and 3
hours gathering nuts (12 pounds of nuts).
g. The point 24 pounds of coffee per day and 24 pounds of nuts per day can be
achieved if each works full time at his or her activity of comparative
advantage. Both points are attainable and efficient.
h. The points and the straight lines connecting them are shown in the graph below.
The production possibilities curve for the two-person economy consisting of
Susan and Tom shows the maximum possible amount of coffee production on the
vertical axis for any given quantity of daily nut production on the horizontal axis.
6
© 2016 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Learning Objective: 02-03
AACSB: Analytic
Bloom’s: Apply
6. a.By specializing completely, they can produce 24 pounds of coffee per day and
24 pounds of nuts (the point at which the kink occurs in the PPC in the
diagram). If they sell this output in the world market at the stated prices,
they will receive a total of $96 per day.
b. With $96 per day to spend, the maximum amount of coffee they could buy
is 48 pounds per day, or they could buy 48 pounds of nuts per day.
7
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any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
c. The points and the straight lines connecting them are shown in the
diagram below. The resulting line is the production possibilities curve for
the two-person economy consisting of Susan and Tom.
8
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any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Another random document with
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CHAPTER VII
CORRECTION OF SPEECH DEFECTS
Almost
Normal Improved Total
Normal
Stuttering 8 10 18 36
Organic Lisping 12 4 3 19
Negligent Lisping 24 5 29
Neurotic Lisping 3 4 5 12
Nasality 3 3
Miscellaneous 3 1 4
Indistinct 2 1 1 4
55 25 27 107
The Problem
A person with a slight impediment in his speech, due probably to
some minor organic disorder, could be much helped by the average
teacher, if the latter would give this subject of speech serious
consideration. Of course there are cases where, from birth, the
child’s speech organs have been impaired, and again, disease or
some surgical operation may have caused interference with their
proper functioning. In such cases as these a speech specialist is
needed and often medical aid as well.
We do not presume to suggest with any degree of authority just
what to do and what not to do in such extremities, but rather to
present a few fundamental and tried principles which have proved
successful in many cases. There are two classes whose speech
defects are due to some mental cause—the Stammerers and the
Stutterers.
The Stutterer
The stutterer, unlike the stammerer, is able to make an audible
sound at will. His difficulty lies in his inability to say more than one
sound until he has repeated the initial sound from six to fifteen times.
It seems that he must get up a certain amount of speech momentum:
“B-b-b-bring me th-th-th-that b-b-b-book.” Or, “W-w-w-well, I think it is
a v-v-v-very fine day.”
In a large measure the causes of stuttering and stammering are
identical. Stammering is stuttering in the superlative degree. What is
true of the stammerer is also true of the stutterer, with the exception
that the stutterer is less melancholy, and less conscious of his
defect.
For both, or either, practice in simple exercises is very necessary,
but before specific training is given, the defective should be
interviewed concerning his health. If a boy or girl is not given
sufficient food and proper food (and such is often the case), there is
small chance for speech improvement. Oftentimes it is found that
these speech delinquents are playing too hard and wasting the
nervous energy which should be utilized in mastering their vocal
impediment.
The most successful way of handling these problems is to have
the defectives placed in separate classes according to their
particular needs and ages. Then get a physician’s diagnosis of each
individual case. This diagnosis generally gives the special teacher
the knowledge necessary for intelligent correction. The teacher must
be patient, gentle, sympathetic and yet determined. She herself must
possess ease and real enjoyment in speaking.
Practice Exercises
1. Speech defectives must first learn how to relax. They should
spend at least ten minutes daily at home lying flat on their backs
concentrating the mind on separate parts until the whole body is
completely relaxed. This relaxation exercise can and should be
carried on daily. At school, a similar though modified exercise should
be attempted.
2. They must master diaphragmatic breathing. This exercise
should follow the relaxation exercise, for the best results are
obtained while lying on the back; the next best while sitting erect.
(a) Inhale slowly, filling lower lobes of lungs first, and then
the upper part of chest. While doing this count ten mentally;
exhale, counting ten mentally. Repeat five times.
(b) Inhale ten counts again, hold breath five counts, exhale
ten counts. Repeat five times.
(c) Inhale slightly, then purse lips to impede the air as it
passes out; now give one short puff with spasmodic
contraction of abdomen. Repeat five times, inhaling slightly
before each puff.
(d) Inhale deeply, then give one long puff with continuous
contraction of the abdomen. Repeat five times, inhaling
deeply before each puff.
Exercise One
The vowels are either long, short, or diphthongal. The resonances
of the long vowels begin at the back, passing through the middle, to
the front of the mouth. Thus:
Exercise Two
In pronunciation there is a right and a wrong way. Some people
are so desirous of appearing exact in this matter that they often
introduce superfluous sounds. For example, such persons
pronounce evil—ē´vĭl, instead of ē´vl; towards—tō-wŏrdz´ instead of
tō´-erdz.
This habit of introducing an extra sound that is unnecessary
reflects upon the learning of the individual quite as much as the
neglecting of a sound that is necessary. Let us not attempt to foster
extravagant niceties of speech, but let us cultivate in ourselves and
our pupils an appreciation of, and a desire for, pure, substantial, and
impressively spoken English, showing them that the real beauty of
our language lies in its simplicity and its inherent, convincing power.
Exercises in Enunciation and Pronunciation
Take up the exercises below in the following manner: First,
discover the correct position of tongue, lips and jaw for producing the
particular sound under consideration. Second, repeat the sound
many times. See that you use your organs of speech properly in
regard to the positions indicated at the beginning of each vowel
exercise. After the repetition of each sound, let lips, tongue and jaw
relax to normal position. Third, in repeating the words be sure the
ictus or vocal stroke is properly and decidedly placed.
The main purpose is to develop pure vowel resonance, but
inflectional freedom may be cultivated at the same time, if great care
is taken not to interfere with the correct vocal positions of tongue,
lips and jaw. Beware of a tendency in this direction. (See discussion
of Inflection in another part of this book.)
Key to Pronunciation
In showing the correct pronunciation of words in the following
exercises, the simplest method has been adopted. The words are
rewritten with a set of letters which have invariably the same sound
and are familiar to everyone.
Webster’s New International Dictionary and Phyfe’s Words Often
Mispronounced are the principal authorities consulted. The authors
are greatly indebted to these works for help in determining correct
pronunciation. The following table gives the diacritical marks used in
the following pages:
ā fāde
ä fär
å åsk
a̤ ha̤ ll
â hâre
ă hăt
[.=a] pref[.=a]ce
a (no mark) final
ē ēve
[.=e] d[.=e]pend
ĕ bĕt
ẽ hẽr
e recent
ī glīde
[.=i] [.=i]dea
ĭ ĭt
ō gō
[.=o] [.=o]bey
ô absôrb
ŏ hŏt
ū blūe
[.=u] [.=u]nite
û sûrge
ŭ bŭt
o̅ o̅ o̅ o̅ ze
o͝ o bo͝ ok
Transcriber’s Note: [.=a] etc were printed as the letter with a macron above and a dot
above that. These particular diacriticals are not used on any of the following pages, so the
decision was taken not to attempt to represent them in any other way, because there are
no corresponding precomposed characters in Unicode and font support for combining
marks is often poor.
access—ăk´sĕs, or ăk-sĕs´.
address—(n) and (vb) ad-drĕs´.
cemetery—sĕm´ē-tĕr-ĭ, not sĕmĭ-trĭ.
centennial—sĕn-tĕn´nĭ-al.
equipage—ĕk´wĭ-pāj, not ĕ-kwĭp´ĕj.
equitable—ĕk´wĭ-ta-bl, no ĕ-kwĭ´ta-bl.
every—ĕv´ẽr-ĭ, not ĕv´rĭ.
evident—ĕv´ĭ-dĕnt, not ĕv´ĭ-dŭnt.
excellent—ĕk´sĕl-ĕnt, not ĕk´slŭnt.
preface—(n) and (vb) prĕf´ās.
legislature—lĕj´ĭs-lāt-yŭr.
exit—ĕks´it, not ĕgz´it.
exist—ĕgz-ĭst´, not ĕks´ĭst.
irreparable—ĭr-rĕp´a-ra-ble, not ĭr-rē-păr´a-bl.
generally—jĕn´ẽr-al-ĭ.
instead—ĭn-stĕd´, not ĭn-stĭd´.