Refer to the information provided in Table 33.4 below to answer ...

[moongchi]

Excellent

[pratush dev]

Great! Please up vote

[j.rubin]

Question 1

Refer to the information provided in Table 33.4 below to answer the question(s) that follow.

Refer to Table 33.4. Chile should specialize in and export ________, and Germany should specialize in and export ________.

◦ beer; beer
◦ wine; wine
◦ wine; beer
◦ beer; wine

Question 2

Refer to the information provided in Table 33.4 below to answer the question(s) that follow.

Refer to Table 33.4. Before specialization, Germany produces 45 cases of beer and 30 cases of wine, and Chile produces 18 cases of beer and 24 cases of wine. After specialization, the increase in beer production is

◦ 0 cases of beer.
◦ 2 cases of beer.
◦ 8 cases of beer.
◦ 12 cases of beer.

[SAUXC]

Answer 1

wine; beer

Answer 2

12 cases of beer.

[cherise1989]

Question 1

Refer to the information provided in Table 33.4 below to answer the question(s) that follow.

Refer to Table 33.4. Before specialization, Germany produces 45 cases of beer and 30 cases of wine, and Chile produces 18 cases of beer and 24 cases of wine. After specialization, the increase in wine production is

◦ 2 cases of wine.
◦ 4 cases of wine.
◦ 6 cases of wine.
◦ 10 cases of wine.

Question 2

Refer to the information provided in Table 33.4 below to answer the question(s) that follow.

Refer to Table 33.4. For both countries to benefit from trade, the terms of trade must be between ________ case(s) of beer to case(s) of wine.

◦ 1:1/2 and 1:4
◦ 1:1 and 1:2
◦ 1:1 and 1:1/2
◦ 2:3 and 2:1

[momtoalll]

Answer 1

6 cases of wine.

Answer 2

1:1 and 1:2

[cherise1989]

TY

[momtoalll]

You're welcome