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

[leilurhhh]

Question 1

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

Refer to Table 33.4. In Germany, the opportunity cost of 1 case of wine is

◦ 1/2 case of beer.
◦ 1 case of beer.
◦ 2 cases of beer.
◦ 5 cases of beer.

Question 2

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

Refer to Table 33.4. In Chile, the opportunity cost of 1 case of beer is

◦ 1/2 case of wine.
◦ 1 case of wine.
◦ 2 cases of wine.
◦ 4 cases of wine.

[SAUXC]

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[wrbasek0]

Question 1

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

Refer to Table 33.4. In Germany, the opportunity cost of 1 case of beer is

◦ 1/2 case of wine.
◦ 1 case of wine.
◦ 2 cases of wine.
◦ 5 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. In Chile, the opportunity cost of 1 case of wine is

◦ 1/2 case of beer.
◦ 1 case of beer.
◦ 2 cases of beer.
◦ 4 cases of beer.

[Cnarkel]

Answer 1

1 case of wine.

Answer 2

1/2 case of beer.

[wrbasek0]

Thank you!

[Cnarkel]

Always glad to help...

[NClaborn]

Question 1

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

Refer to Table 33.4. The opportunity cost of producing a case of beer in Germany is

◦ twice as much as that in Chile.
◦ half as much as that in Chile.
◦ the same as that in Chile.
◦ four times as much as that in Chile.

Question 2

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

Refer to Table 33.4. Chile has

◦ a comparative advantage in beer production.
◦ an absolute advantage in beer production.
◦ an absolute advantage in wine production.
◦ a comparative advantage in wine production.

[srodz]

Answer 1

half as much as that in Chile.

Answer 2

a comparative advantage in wine production.

[moongchi]

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 has

◦ a comparative advantage in wine production.
◦ an absolute advantage and a comparative advantage in beer production.
◦ an absolute advantage and a comparative advantage in wine production.
◦ neither a comparative advantage in wine production nor in beer production.

Question 2

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

Refer to Table 33.4. Germany has

◦ a comparative advantage in beer production.
◦ an absolute advantage in wine production.
◦ an absolute advantage in beer production.
◦ All of these.

[pratush dev]

Answer 1

a comparative advantage in wine production.

Answer 2

All of these.