This topic contains a solution. Click here to go to the answer

Author Question: This table shows how much wine and cheese can each be produced in Spain and Portugal with one unit ... (Read 32 times)

heyheyhey

  • Full Member
  • ***
  • Posts: 142
This table shows how much wine and cheese can each be produced in Spain and Portugal with one unit of equivalent resources. Initially there is no trade. Once trade opens up, transportation costs are assumed to be zero.

Wine
(Units)
Cheese
(Units)
Spain28
Portugal23
TABLE 19-5

Refer to Table 19-5. The opportunity cost of cheese in terms of wine is
◦ 3 in Portugal.
◦ 4 in Spain.
◦ 1/4 in Spain.
◦ 3/2 in Portugal.
◦ 2 in each country.


Related Topics

Need homework help now?

Ask unlimited questions for free

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

breounasmoot

  • Full Member
  • ***
  • Posts: 178
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 29% of students answer this correctly




heyheyhey

  • Member
  • Posts: 142
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it


essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

For a complete list of videos, visit our video library