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Question 14 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. Suppose that Spain is currently producing 30 ships and 30 tons of grapes, and France is currently producing 30 ships and 30 tons of grapes. If Spain and France each specialize in producing only one good (the good for which each has a comparative advantage), then how many additional ships can be produced for the two countries combined? Provide your answer as a number rounded to two decimal places. Use to indicate negative amounts. Do not include any symbols, such as S, ラ %, or , in your answer. Spain France Grapes (in tons) 75 Ships Grapes (in tons) 50 40 30 10 20 30 40 50 45 30 15 30 45 10 75 Your Answer:
Question 15 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. Suppose that Spain is currently producing 30 ships and 30 tons of grapes, and France is currently producing 30 ships and 30 tons of grapes. If Spain and France each specialize in producing only one good (the good for which each has a comparative advantage), then how many additional tons of grapes can be produced for the two countries combined? Provide your answer as a number rounded to two decimal places. Use - to indicate negative amounts. Do not include any symbols, such as s, -%, or , in your answer. Spain France Shi Grapes (in tons) Grapes (in tons) 75 Ships 10 20 30 40 50 45 30 15 30 45 60 75 40 30 20 10 Your Answer: Answer
Question 16 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. With specialization, Spain produces only grapes-75 tons-and France produces 75 ships. If the terms of trade are 1 ship for 1 ton of grapes, and that according to the trade agreement 30 ships are traded for 30 tons of grapes how many tons of grapes can Spain consume with trade? Provide your answer as a number rounded to two decimal places. Use - to indicate negative amounts. Do not include any symbols, such as s, , %, or in your answer. Spain France Shi Grapes (in tons) Grapes (in tons) 75 60 45 30 15 Ships 10 20 30 40 50 15 30 45 60 75 30 20 10 Your Answer: Answer
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