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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help with last part
France
Wine (Bottles) Cheese (Pounds)
0
1
2
3
4
es
Who has the comparative advantage in producing wine and who has the comparative advantage in producing
cheese?
16
12
8
4
0
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.
C. 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.
Get more help.
Search
Germany
Wine (Bottles) Cheese (Pounds)
0
1
2
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)
FE
3
4
5
3+
25
20
15
10
5
0
Clear all
additional pound(s) of
Final check
Transcribed Image Text:France Wine (Bottles) Cheese (Pounds) 0 1 2 3 4 es Who has the comparative advantage in producing wine and who has the comparative advantage in producing cheese? 16 12 8 4 0 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. C. 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. Get more help. Search Germany Wine (Bottles) Cheese (Pounds) 0 1 2 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) FE 3 4 5 3+ 25 20 15 10 5 0 Clear all additional pound(s) of Final check
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