X hours to produce a case of wine. For what values of X will gains from trade be possible? Check all that apply. 01 650 700 800 For what values of X will Germany export cars and import wine? Check all that apply. 650

X hours to produce a case of wine. For what values of X will gains from trade be possible? Check all that apply. 01 650 700 800 For what values of X will Germany export cars and import wine? Check all that apply. 650

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 7PA

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Question

G.271.

A German worker takes 400 hours to produce a car and 2 hours to produce a case of wine. A French worker takes 600 hours to produce a car and
X hours to produce a case of wine.
For what values of X will gains from trade be possible? Check all that apply.
0 1
650
700
800
For what values of X will Germany export cars and import wine? Check all that apply.
1
650
700

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