Module 1 problem sets | Education homework help

Don't use plagiarized sources. Get Your Assignment on
Module 1 problem sets | Education homework help
Just from $13/Page
Order Now

Module 1 Problem Sets

An Excel template is provided for your Problem Sets. Each problem is presented on a separate worksheet represented by the tabs at the bottom of the Excel worksheet. 

You must submit only one Excel file for your Problem Sets. To receive full credit, all work must be shown and the final answer(s) must be highlighted in yellow, unless answers are derived from a graph and/or tables.

Problem Sets

Question #1: List some constraints on our labor force that prevent our fully using our plant and equipment 24 hours a day, seven days a wee

Question #2: When we are efficiently allocating our resources and using the best available technology, we are operating on our _________________________.


Question #3: Economic growth can be attained by:


Question #4: Full employment implies an unemployment rate of about ____________ percent.


Question #5: The law of increasing costs states that, as the output of one good expands, ________________________.


Question #6a: If we were at point C, could we quickly produce substantially more houses and more cars?


Question #6b:  If we were at point  M, could we quickly produce substantially more houses andmore cars?



Question #6c: If we were at point C, could we quickly go to point J?


Question #7: Fill in the following points:



Point X: where our economy generally operates


Point Y: a serious recession



Point Z: a catastrophic depression


Point W: economic growth





Question #8: Use the following illustration to answer the questions below:


a. What is the opportunity cost of going from point B to point C?


b. What is the opportunity cost of going from point D to point C?


c. What is the opportunity cost of gong from point B to point A?


d. What is the opportunity cost of going from point C to point D?






Question #9: The basis for international trade is _____________________________________.




Question #10: Brazil is better at producing ______________________________

than at producing_______________________________________.










Argentina is better at producing _____________________________

than at producing _______________________________________.






Question #11: If one (1) ton of steel could be traded for one (1) ton of wheat, Brazil

would trade its _____________________________________ for Argentina’s







Question #12: Bolivia has a comparative advantage in the production of which type of metal?




Question #13: Chile has a comparative advantage in the production of which, type of metal?




Question #14: Bolivia will trade ____________________________ for _____________________________.




Question #15: Chile will trade __________________________________ for _______________________________________.




Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

At, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.

Professional Academic Writers

With, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Affordable Prices

Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

On-Time delivery

My Homework Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

100% Originality maintains a zero-plagiarism policy in all papers. As such, My Homework Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

Customer Support 24/7

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email:

Try it now!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Homework Writing Services

My Homework Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.


Essay Writing Services

At My Homework Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.


Admission and Business Papers

With, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.


Editing and Proofreading has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.


Technical papers

My Homework Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop homework writing services in all academic areas. The simplicity or complexity of the paper does not affect the quality of homework writing services.