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Author Question: This table shows how much wine and cheese can each be produced in Spain and Portugal with one unit ... (Read 95 times)

tashina2013

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on: Oct 12, 2022
This table shows how much wine and cheese can each be produced in Spain and Portugal with one unit of equivalent resources. Initially there is no trade. Once trade opens up, transportation costs are assumed to be zero.

​Wine
(Units)		Cheese
(Units)
Spain28
Portugal23
TABLE 19-5

Refer to Table 19-5. Once Spain and Portugal begin to trade cheese and wine,
◦ it will be beneficial for Portugal to ban the import of cheese.
◦ the opportunity cost of the goods they now import will be less than when there was no trade, for both countries.
◦ some resources will be permanently unemployed in Portugal.
◦ the opportunity cost of the goods they now import will be less than when there was no trade, but for Portugal only.
◦ it will be beneficial for Spain to ban the import of wine.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tashina2013 on Oct 12, 2022

leilani49

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tashina2013

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
Excellent

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