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 55 times)

hgjjghgjh

  • Full Member
  • ***
  • Posts: 132
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. What is the pattern of absolute advantage between Spain and Portugal?
◦ Neither country has an absolute advantage in the production of either wine or cheese.
◦ 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.
◦ Spain has an absolute advantage in both wine and cheese production.
◦ More information is needed to conclude anything about absolute 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 hgjjghgjh on Oct 12, 2022

dsfhkjdfaskjfdsjk

  • Full Member
  • ***
  • Posts: 160
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


hgjjghgjh

  • Member
  • Posts: 132
Reply 2 on: Oct 12, 2022
Gracias!

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant
An orb weaver producing silk from its spinnerets An orb weaver producing silk from its spinnerets
Pablo Picasso, Guitar, Sheet Music, and Wine Glass. Pablo Picasso, Guitar, Sheet Music, and Wine Glass.
Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
Hydrogen burns to produce energy and water Hydrogen burns to produce energy and water
Diana Duyser’s Grilled Cheese Diana Duyser’s Grilled Cheese
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library