This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose Spain is currently producing 90 units of wine and 10 units of cheese, but to produce 10 more ... (Read 108 times)

stananza

  • Full Member
  • ***
  • Posts: 162
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by stananza on Oct 12, 2022

annaelena92

  • Full Member
  • ***
  • Posts: 167
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.
Answer Preview
Only 50% of students answer this correctly


stananza

  • Member
  • Posts: 162
Reply 2 on: Oct 12, 2022
Wow, this really help

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Using a gauge that measures vacuum in units of inches of water to test the vacuum at the dipstick ... Using a gauge that measures vacuum in units of inches of water to test the vacuum at the dipstick ...
How to perform conversions between units with prefixes ranging from pico to mega How to perform conversions between units with prefixes ranging from pico to mega
The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow
Diana Duyser’s Grilled Cheese Diana Duyser’s Grilled Cheese
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Stepwise processing of pri-miRNA to produce miRNA Stepwise processing of pri-miRNA to produce miRNA
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library