-233 1636 2 5 20 15 10 0 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 cheese 3. Neither has a comparative advantage producing wine or cheese France has a comparative advantage producing wine and Germany has a comparative advantage producing cheese 5. France has a comparative advantage producing cheese and Germany has a comparative advantage producing wine Germany has a comparative advantage producing wine and cheese ose that France is currently producing 1 bottle of wine and 9 pounds of cheese and Germany is currently producing 3 bottles of wine and 10 por

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Chapter1: Making Economics Decisions
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ing
the
by fe
ngi
Suppose that France and Germany both produce wine and cheese. The table below shows combinations of the goods that each country can produce in a day
France.
Germany
Wine (Bottles)
0
1
2
3
4
Cheese (Pounds)
12
9
6
3
0
Wine (Bottles)
0
1
2
3
4
5
Chense (Pounds)
25
4及5050
20
15
10
Who has the comparative advantage in producing wine and who has the comparative advantage in producing cheese?
OA. France has a comparative advantage producing wine and cheese
ding OB. Neither has a comparative advantage producing wine or cheese
the
it ti
OC. France has a comparative advantage producing wine and Germany has a comparative advantage producing cheese
OD. France has a comparative advantage producing cheese and Germany has a comparative advantage producing wine
OE. Germany has a comparative advantage producing wine and cheese
rec
Suppose that France is currently producing 1 bottle of wine and 9 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
Transcribed Image Text:ing the by fe ngi Suppose that France and Germany both produce wine and cheese. The table below shows combinations of the goods that each country can produce in a day France. Germany Wine (Bottles) 0 1 2 3 4 Cheese (Pounds) 12 9 6 3 0 Wine (Bottles) 0 1 2 3 4 5 Chense (Pounds) 25 4及5050 20 15 10 Who has the comparative advantage in producing wine and who has the comparative advantage in producing cheese? OA. France has a comparative advantage producing wine and cheese ding OB. Neither has a comparative advantage producing wine or cheese the it ti OC. France has a comparative advantage producing wine and Germany has a comparative advantage producing cheese OD. France has a comparative advantage producing cheese and Germany has a comparative advantage producing wine OE. Germany has a comparative advantage producing wine and cheese rec Suppose that France is currently producing 1 bottle of wine and 9 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
Suppose that France is currently producing 1 bottle of wine and 9 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 10 pounds of cheese
After specialization and trade, France gains by consuming the same amount of wine and additional pound(s) of cheese (enter a numeric response using an
integer) and Germany gains by consuming the same amount of wine and additional pound(s) of cheese.
Transcribed Image Text:Suppose that France is currently producing 1 bottle of wine and 9 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 10 pounds of cheese After specialization and trade, France gains by consuming the same amount of wine and additional pound(s) of cheese (enter a numeric response using an integer) and Germany gains by consuming the same amount of wine and additional pound(s) of cheese.
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