Explain how measuring leads to soft facts.2. Explain why comparative advantage plays such a large role in international trade. Give an example of how it works with a product of your choice.

3. Assume the US wants to open up trade with Sweden in the hot tub market. Assume that the price in Sweden for hot tubs is higher than it is in the US. Will the US be an importer or an exporter of hot tubs? Explain, in economic terms, why you answered how you did. Draw a properly labeled graph to support your answer. (5 points).

4. Assume the US wants to open up trade with Sweden in the hot tub market. Assume that the price in Sweden for hot tubs is lower than it is in the US. Will the US be an importer or an exporter of hot tubs? Explain, in economic terms, why you answered how you did. Draw a properly labeled graph to support your answer. (5 points).

5. Who wins, the buyers or the sellers, when exports occur? Explain, in economic terms, why you answered how you did.

6. Who wins, the buyers or the sellers, when imports occur? Explain, in economic terms, why you answered how you did.

7. What is a tariff? Besides raising revenue for itself, why would the US government want to impose a tariff? Give an example of how it works based on a product of your choice, including what happens to the price of your good.

10. Who "wins" and who "loses" after a tariff is imposed? Explain, in economic terms, why you answered how you did.

11. Explain one way that politics affects international trade. Give an example of how it works.

2nd one in the first row is correct

a.   we have two

lines:   y = 4-x   and  

y = 8-x^-1

given two simultaneous equations that are both to be

true, then the solution is the points where the lines cross. the intersection is

where the two equations are equal. therefore the solution that works for both

equations is when

4-x = 8-x^-1

this is where the two lines will cross and that is the

common point that satisfies both equations.

b.   4-x = 8-x^-1

  x           4-x       8-x^-1

-3           7        

8.33

-2           6         8.5

-1           5         9

  0           4        

-

  1           3        

7

  2           2        

7.5

  3           1         7.67

the table shows that none of the x values from -3 to 3 is

the solution because in no case does

4-x = 8-x^-1

to find the solution we need to rearrange the equation to

find for x:

4-x = 8-x^-1

multiply both sides with x:

4x-x^2 = 8x-1

x^2+4x-1=0

x= -4.236, 0.236

therefore there are two points that satisfies the

equation.

find y:  

x=-4.236

y = 4-x   = 4 – (-4.236)

= 8.236

y = 8-x^-1 =   .236)^-1

= 8.236

x=0.236

  y = 4-x   = 4 – (0.236) = 3.764

y = 8-x^-1 =   8-(0.236)^-1

= 3.764

thus the two lines cross at 2 points:

(-4.236, 8.236) & (0.236, 3.764)

c.   to solve

graphically the equation 4-x = 8-x^-1

we would graph both lines: y = 4-x   and   y

= 8-x^-1

the point on the graph where the lines cross is the

solution to the system of equations.

just graph the points on part b on a cartesian coordinate

system and extend the two lines.   the

solution is, as stated, the point where the two lines cross on the graph.

step-by-step explanation:

mark brainliest!