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0 Question 13 England France Hours Needed to Hours Needed to Make 1 Unit of Make 1 Unit of Cheese 1 4 What is true about this situation? Wine 5 2 Number of units Produced in 40 Hours Cheese 40 10 The opportunity cost for 1 Cheese for England is 5 units of wine O England has the absolute advantage in producing both goods O France will export Cheese because it has comparative advantage in making Cheese O England will export Cheese because it has comparative advantage in making Cheese O France will export Wine because it has absolute advantage in making Wine O England will export Wine because it has absolute advantage in making Wine Number of units. Produced in 40 Hours Wine 8 20

0 Question 13 England France Hours Needed to Hours Needed to Make 1 Unit of Make 1 Unit of Cheese 1 4 What is true about this situation? Wine 5 2 Number of units Produced in 40 Hours Cheese 40 10 The opportunity cost for 1 Cheese for England is 5 units of wine O England has the absolute advantage in producing both goods O France will export Cheese because it has comparative advantage in making Cheese O England will export Cheese because it has comparative advantage in making Cheese O France will export Wine because it has absolute advantage in making Wine O England will export Wine because it has absolute advantage in making Wine Number of units. Produced in 40 Hours Wine 8 20

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...
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Question 13 England France Hours Needed to Hours Needed to Make 1 Unit of Make 1 Unit of Cheese 1 4 What is true about this situation? Wine 5 2 Number of units Produced in 40 Hours Cheese 40 10 O The opportunity cost for 1 Cheese for England is 5 units of wine O England has the absolute advantage in producing both goods O France will export Cheese because it has comparative advantage in making Cheese O England will export Cheese because it has comparative advantage in making Cheese O France will export Wine because it has absolute advantage in making Wine O England will export Wine because it has absolute advantage in making Wine Number of units Produced in 40 Hours Wine 8 20
Transcribed Image Text:Question 13 England France Hours Needed to Hours Needed to Make 1 Unit of Make 1 Unit of Cheese 1 4 What is true about this situation? Wine 5 2 Number of units Produced in 40 Hours Cheese 40 10 O The opportunity cost for 1 Cheese for England is 5 units of wine O England has the absolute advantage in producing both goods O France will export Cheese because it has comparative advantage in making Cheese O England will export Cheese because it has comparative advantage in making Cheese O France will export Wine because it has absolute advantage in making Wine O England will export Wine because it has absolute advantage in making Wine Number of units Produced in 40 Hours Wine 8 20
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