Homework Help is Here – Start Your Trial Now!
Business
Economics
Breads 4 2 0 France c. 1.0 d. 1/2 e. 1/4 Table 1-Production Possibilities Cakes 0 4 8 c. 6/5 d. 5/6 e. 1/10 8. In Table 1, the French opportunity of producing one more cake is a. 4.0 b. 2.0 Breads 12 6 0 Suppose that there is no trade between the France and Germany. Each country decides to produce half bread and half cake. What would be production under no trade? a. France produces 2 breads and 4 cakes, while Germany produces 6 breads and 5 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 10 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. breads. 9. In Table 1, the German opportunity of producing one more cake is a. 12.0 b. 6.0 Germany Cakes 0 TUA 5 10 breads. 10. Suppose that each country completely specializes in only that good in which it has a comparative advantage. The production of each country would be a. France produces 4 breads and 8 cakes, while Germany produces 12 breads and 10 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 12 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. thando fra Carmonu What would happen?

Breads 4 2 0 France c. 1.0 d. 1/2 e. 1/4 Table 1-Production Possibilities Cakes 0 4 8 c. 6/5 d. 5/6 e. 1/10 8. In Table 1, the French opportunity of producing one more cake is a. 4.0 b. 2.0 Breads 12 6 0 Suppose that there is no trade between the France and Germany. Each country decides to produce half bread and half cake. What would be production under no trade? a. France produces 2 breads and 4 cakes, while Germany produces 6 breads and 5 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 10 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. breads. 9. In Table 1, the German opportunity of producing one more cake is a. 12.0 b. 6.0 Germany Cakes 0 TUA 5 10 breads. 10. Suppose that each country completely specializes in only that good in which it has a comparative advantage. The production of each country would be a. France produces 4 breads and 8 cakes, while Germany produces 12 breads and 10 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 12 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. thando fra Carmonu What would happen?

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 2PA
See similar textbooks
icon
Related questions
Question
100%

Plz solve all, i vll upvote and give positive feedback, you can give handwritten solution....

7. Breads 4 2 0 France Table 1-Production Possibilities Cakes 0 4 8 Breads 12 6 0 8. In Table 1, the French opportunity of producing one more cake is a. 4.0 b. 2.0 c. 1.0 d. 1/2 e. 1/4 Germany Suppose that there is no trade between the France and Germany. Each country decides to produce half bread and half cake. What would be production under no trade? a. France produces 2 breads and 4 cakes, while Germany produces 6 breads and 5 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 10 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. breads. 9. In Table 1, the German opportunity of producing one more cake is a. 12.0 b. 6.0 c. 6/5 d. 5/6 e. 1/10 Cakes 0 5 10 breads. 10. Suppose that each country completely specializes in only that good in which it has a comparative advantage. The production of each country would be a. France produces 4 breads and 8 cakes, while Germany produces 12 breads and 10 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 12 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. 11. Using question 9, France offers to sell 4 cakes for 4 breads from Germany. What would happen? a. Germany would accept since she receives a higher price for her bread than her opportunity cost. b. Germany would accept since her consumption under trade would be higher than under no trade. c. Germany would not accept since she receives a lower price for her bread than her opportunity cost. d. Germany would not accept since she receives a lower price for her cake than her opportunity cost. e. Answers a and b are both correct. a. 12. Using question 9, France offers to sell 2 cakes for 4 breads from Germany. What would happen? rmany would accept since she receives a higher price for her bread than her opportunity cost. b. Germany would accept since her consumption under trade would be higher than under no trade. c. Germany would not accept since she receives a lower price for her bread than her opportunity cost. d. Germany would not accept since she receives a lower price for her cake than her opportunity cost. e. Answers a and b are both correct.
Transcribed Image Text:7. Breads 4 2 0 France Table 1-Production Possibilities Cakes 0 4 8 Breads 12 6 0 8. In Table 1, the French opportunity of producing one more cake is a. 4.0 b. 2.0 c. 1.0 d. 1/2 e. 1/4 Germany Suppose that there is no trade between the France and Germany. Each country decides to produce half bread and half cake. What would be production under no trade? a. France produces 2 breads and 4 cakes, while Germany produces 6 breads and 5 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 10 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. breads. 9. In Table 1, the German opportunity of producing one more cake is a. 12.0 b. 6.0 c. 6/5 d. 5/6 e. 1/10 Cakes 0 5 10 breads. 10. Suppose that each country completely specializes in only that good in which it has a comparative advantage. The production of each country would be a. France produces 4 breads and 8 cakes, while Germany produces 12 breads and 10 cakes. b. France produces 4 breads and 0 cakes, while Germany produces 0 breads and 10 cakes. c. France produces 4 breads and 0 cakes, while Germany produces 12 breads and 0 cakes. d. France produces 0 breads and 8 cakes, while Germany produces 12 breads and 0 cakes. e. France produces 0 breads and 8 cakes, while Germany produces 0 breads and 10 cakes. 11. Using question 9, France offers to sell 4 cakes for 4 breads from Germany. What would happen? a. Germany would accept since she receives a higher price for her bread than her opportunity cost. b. Germany would accept since her consumption under trade would be higher than under no trade. c. Germany would not accept since she receives a lower price for her bread than her opportunity cost. d. Germany would not accept since she receives a lower price for her cake than her opportunity cost. e. Answers a and b are both correct. a. 12. Using question 9, France offers to sell 2 cakes for 4 breads from Germany. What would happen? rmany would accept since she receives a higher price for her bread than her opportunity cost. b. Germany would accept since her consumption under trade would be higher than under no trade. c. Germany would not accept since she receives a lower price for her bread than her opportunity cost. d. Germany would not accept since she receives a lower price for her cake than her opportunity cost. e. Answers a and b are both correct.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Absolute Advantage
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Economics, 7th Edition (MindTap Cou…
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS