A German worker takes 600 hours to produce a car and 3 hours to produce a case of wine. A French worker takes X hours to produce a car and 4 hours to produce a case of wine. For what values of X will gains from trade be possible? Check all that apply. 3 800 820 900 For what values of X will Germany export cars and import wine? Check all that apply. 1 820 950

A German worker takes 600 hours to produce a car and 3 hours to produce a case of wine. A French worker takes X hours to produce a car and 4 hours to produce a case of wine. For what values of X will gains from trade be possible? Check all that apply. 3 800 820 900 For what values of X will Germany export cars and import wine? Check all that apply. 1 820 950

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A German worker takes 600 hours to produce a car and 3 hours to produce a case of wine. A French worker takes X hours to produce a car and 4
hours to produce a case of wine.
For what values of X will gains from trade be possible? Check all that apply.
3
800
=
820
900
For what values of X will Germany export cars and import wine? Check all that apply.
1
820
950

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