Define balance of payments.

Define balance of payments

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Exchange in an Island Economy. Robin and Terry are stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fish or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.

a. Use these numbers to prepare a table like Table 3.1 on page 50 . Which person has a comparative advantage in fishing? Which person has a comparative advantage in gathering coconuts?

b. Suppose that each person is initially self-sufficient. In a six-day week, Robin produces and consumes 32 coconuts and 4 fish, and Terry produces and consumes 3 coconuts and 3 fish. Show that specialization and exchange (at a rate of 3 coconuts per fish) allows Robin to consume more coconuts and the same number of fish and allows Terry to consume more coconuts and the same number of fish. Illustrate your answer with a graph like Figure 3.1 on page 51.

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Objective(s)

This assessment item relates to the unit learning outcomes as in the unit descriptor. This

assessment is designed to improve the ability of students to critically analyse security tools and

present their findings. This assignment also provides an opportunity to work in a group and to

achieve a joint objective.

Description

Each group is required to critically analyse any 2 security tools from the list and demonstrate the

functionality of the tools in a video presentation. The list of tools for the assignmentinclude:

• Hydra

• Maltego

• NMap

• Zed Attack Proxy

• SqlMap

• Metasploit Framework

• Burp Suite

• Nessus

• Nikto

• Snort

• Wireshark

• Siege

The tools need to be launched in Linux terminal (a user could be created for any member of the

group).

Attachments:

27-802–1-.pdf

MITS5004-Assi….pdf

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please check the grammar and rectify if any mistakes ,and theplagiarism.

Document Preview:

Process obstacles It was hard to convince people to change the comfortable level they used Changing people habits in short period. Lack of information makes people less interested to observe energy. Discussion What did you learn From this course I had learned information about sustainability of which is follows: Firstly, I learned about the importance of saving energy and conserve the resources for the next generations as we are one of the largest carbon footprint countries. Another thing I learned was that most of the people are not aware about the overuses of energy and the negative impact is causes including my family members. Also I learned that the government are not well-promoting the saving energy thus, they do not have the desirable impact individuals consumption even they are paying subsides for the bills. In addition, I learned that simple steps we can do that makes a big change and it encourage other people to follow it to minimize the negative impact that we caused. Finally, learned was that there is always a solution for conserving energy by using new technology. Skills Obtained The CBL stages were an educative experience for me which assisted me obtains new skills which are: It was very hard to convince my family member to reduce energy consumption. I learned to persuasion them by justifying and giving reasons to get them involve in conserving energy as households. One of the skills that I learned was to be responsible in action and to lead my family members by remembering them about the importance and being attention of saving energy. Also I learned how to collect useful information and facts in order to presenting them in a well-knit manner to ensure that people will understand the message. . Different Action If I have to take this challenge another time, I will increase the awareness among more people of energy conservation and carbon footprint issues. Also I would be more responsible in encouraging them to conserve…

Attachments:

Process-obsta….docx

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