Q. 1. During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve?
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?
Q. 3. Are differences in geography behind the differences in absolute advantages?
This Assignment must be submitted on Blackboard (WORD format only) via the allocated folder.
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.
Use Times New Roman font 12 for all your answers.