Blanks-
1) Greece
2) Germany
3) 4 bushels
4) 1/10 bottle
The following are correct:-
- 6 bushel of rye per bottle of wine
- 8 bushel of rye per bottle of wine
Suppose that Greece and Germany both produce rye and wine. Greece's opportunity cost of producing a...
Suppose that Greece and Germany both produce rye and wine. Greece's opportunity cost of producing a bottle of wine is 4 bushels of rye while Germany's opportunity cost of producing a bottle of wine is 10 bushels of rye By comparing the opportunity cost of producing wine in the two countries, you can tell that Germany production of wine and_Greece has a comparative advantage in the production of rye. has a comparative advantage in the Suppose that Greece and Germany...
Suppose that Greece and Switzerland both produce rye and stained glass. Greece's opportunity cost of producing a pane of stained glass is 4 bushels of rye while Switzerland's opportunity cost of producing a pane of stained glass is 10 bushels of rye. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that (greece/switzerland) has a comparative advantage in the production of stained glass and (greece/ switzerland) has a comparative advantage in the production...
Suppose that Italy and Switzerland both produce rye and wine. Italy's opportunity cost of producing a bottle of wine is 5 bushels of rye while Switzerland's opportunity cost of producing a bottle of wine is 10 bushels of rye. By comparing the opportunity cost of producing wine in the two countries, you can tell that, ITALY or SWITZERLAND, has a comparitive advantage in the production of wine and, ITALY or SWITZERLAND, has a comparative advantage in the production of rye....
Suppose that Greece and Germany both produce oil and cheese. Greece's opportunity cost of producing a pound of cheese is 3 barrels of oil while Germany's opportunity cost of producing a pound of cheese is 11 barrels of oil. By comparing the opportunity cost of producing cheese in the two countries, you can tell that has a comparative advantage in the has a comparative advantage in the production of oil. production of cheese and Suppose that Greece and Germany consider...
Suppose that Italy and Germany both produce beer and wine. Italy's opportunity cost of producing a bottle of wine is 4 barrels of beer while Germany's opportunity cost of producing a bottle of wine is 10 barrels of beer. By comparing the opportunity cost of producing wine in the two countries, you can tell that............ has a comparative advantage in the production of wine and......... has a comparative advantage in the production of beer. Suppose that Italy and Germany consider...
5. The price of trade Suppose that Greece and Germany both produce jeans and shoes. Greece's Germany's opportunity cost of producing a pair of shoes is 10 pairs of jeans opportunity cost of producing a pair of shoes is 4 pairs of jeans while By comparing the opportunity cost of producing shoes in the two countries, you can tell that production of shoes and has a comparative advantage in the has a comparative advantage in the production of jeans Suppose...
5. Terms of trade Suppose that France and Germany both produce rye and stained glass. France's opportunity cost of producing a pane of stained glass is 5 bushels of rye while Germany's opportunity cost of producing a pane of stained glass is 10 bushels of rye. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that _____ (Germany, France) has a comparative advantage in the production of stained glass and ____ (Germany, France) has...
5. The price of trade Suppose that Greece and Germany both produce oil and olives. Greece's opportunity cost of producing a crate of olives is 5 barrels of oil while Germany's opportunity cost of producing a crate of olives is 10 barrels of oil By comparing the opportunity cost of producing olives in the two countries, you can tell that , has a comparative advantage in the production of olives andhas a comparative advantage in the production of oil. Suppose...
5. The price of trade Suppose that Greece and Austria both produce jeans and wine. Greece's opportunity cost of producing a bottle of wine is 3 pairs of jeans while Austria's opportunity cost of producing a bottle of wine is 11 pairs of jeans. By comparing the opportunity cost of producing wine in the two countries, you can tell that production of wine and ▼ has a comparative advantage in the has a comparative advantage in the production of jeans...
Suppose that France and Austria both produce rye and stained glass. France's opportunity cost of producing a pane of stained glass is 5 bushels of rye while Austria's opportunity cost of producing a pane of stained glass is 10 bushels of rye. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that has a comparative advantage in the production of stained glass and has a comparative advantage in the production of rye. Suppose...