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Author Question: Suppose Spain is currently producing 90 units of wine and 10 units of cheese, but to produce 10 more ... (Read 67 times)

stananza

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on: Oct 12, 2022
Suppose Spain is currently producing 90 units of wine and 10 units of cheese, but to produce 10 more units of cheese it must sacrifice 30 units of wine. Further, suppose that Portugal produces 45 units of wine and 45 units of cheese, but to produce 10 more units of cheese it must sacrifice only 10 units of wine. It can be concluded that
◦ Spain has a comparative advantage in the production of wine and Portugal has a comparative advantage in the production of cheese.
◦ Spain has an absolute advantage in both wine and cheese production.
◦ Portugal has an absolute advantage in wine production and Spain has an absolute advantage in cheese production.
◦ Portugal has an absolute advantage in both wine and cheese production.
◦ more information is needed to conclude anything about comparative advantage in either country.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by stananza on Oct 12, 2022

annaelena92

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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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stananza

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Excellent

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