Please help with last part FranceWine (Bottles) Cheese (Pounds)01234esWho has the comparative advantage in producing wine and who has the comparative advantage in producingcheese?1612840A. France has a comparative advantage producing wine and Germany has a comparative advantageproducing cheese.OB. Neither has a comparative advantage producing wine or cheese.C. France has a comparative advantage producing cheese and Germany has a comparative advantageproducing wine.OD. Germany has a comparative advantage producing wine and cheese.OE. France has a comparative advantage producing wine and cheese.Get more help.SearchGermanyWine (Bottles) Cheese (Pounds)012Suppose that France is currently producing 1 bottle of wine and 12 pounds of cheese and Germany is currentlyproducing 3 bottles of wine and 10 pounds of cheese. Then, assume instead that France and Germany specializeby producing only the good for which they have a comparative advantage and then trade 3 bottles of wine for 14pounds of cheese.After specialization and trade, France gains by consuming the same amount of wine andcheese (enter a numeric response using an integer)FE3453+2520151050Clear alladditional pound(s) ofFinal check

Based on the idea of opportunity cost in production, the theory of comparative advantage proposes…

France Wine (Bottles) Cheese (Pounds) 0 1 2 3 4 16 12 8 4 0 Germany Wine (Bottles) 0 1 2 3 4 5 Cheese (Pounds) 25 20 15 10 5 0 Who has the comparative advantage in producing wine and who has the comparative advantage in producing Cheese? A. France has a comparative advantage producing wine and Germany has a comparative advantage producing cheese. OB. Neither has a comparative advantage producing wine or cheese. OC. France has a comparative advantage producing cheese and Germany has a comparative advantage producing wine. OD. Germany has a comparative advantage producing wine and cheese. OE. France has a comparative advantage producing wine and cheese. Suppose that France is currently producing 1 bottle of wine and 12 pounds of cheese and Germany is currently producing 3 bottles of wine and 10 pounds of cheese. Then, assume instead that France and Germany specialize by producing only the good for which they have a comparative advantage and then trade 3 bottles of wine for 14 pounds of cheese. After specialization and trade, France gains by consuming the same amount of wine and cheese (enter a numeric response using an integer) additional pound(s) of

France Wine (Bottles) Cheese (Pounds) 0 1 2 3 4 16 12 8 4 0 Germany Wine (Bottles) 0 1 2 3 4 5 Cheese (Pounds) 25 20 15 10 5 0 Who has the comparative advantage in producing wine and who has the comparative advantage in producing Cheese? A. France has a comparative advantage producing wine and Germany has a comparative advantage producing cheese. OB. Neither has a comparative advantage producing wine or cheese. OC. France has a comparative advantage producing cheese and Germany has a comparative advantage producing wine. OD. Germany has a comparative advantage producing wine and cheese. OE. France has a comparative advantage producing wine and cheese. Suppose that France is currently producing 1 bottle of wine and 12 pounds of cheese and Germany is currently producing 3 bottles of wine and 10 pounds of cheese. Then, assume instead that France and Germany specialize by producing only the good for which they have a comparative advantage and then trade 3 bottles of wine for 14 pounds of cheese. After specialization and trade, France gains by consuming the same amount of wine and cheese (enter a numeric response using an integer) additional pound(s) of

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: International Trade

Section: Chapter Questions

Problem 1.2P

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