Question

Q.4 (18 points) Suppose that Germany and France both produce cheese and wine. The amount of production of the two countries a
0 0
Add a comment Improve this question Transcribed image text
Answer #1

CLASSTIMELP Date 70 3) Yermany eum of T-8 cheese Cheese 300 Wine has an absolute as advantage in both good ie Cheese 4 wine

Add a comment
Know the answer?
Add Answer to:
Q.4 (18 points) Suppose that Germany and France both produce cheese and wine. The amount of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • just need e and f Q.4 (18 points) Suppose that Germany and France both produce cheese...

    just need e and f Q.4 (18 points) Suppose that Germany and France both produce cheese and wine. The amount of production of the two countries are shown in the following table. Assume that the opportunity cost is constant. Germany France Daily production Produce cheese only (pounds) Produce wine only (bottles) 300 150 150 100 (a) Draw the PPF for Germany. Put cheese on the vertical axis, and wine on the horizontal axis. Indicate the values of both intercepts. (b)...

  • please answer F too :) Q.4 (18 points) Suppose that Germany and France both produce cheese...

    please answer F too :) Q.4 (18 points) Suppose that Germany and France both produce cheese and wine. The amount of production of the two countries are shown in the following table. Assume that the opportunity cost is constant. Daily production Produce cheese only (pounds) Produce wine only (bottles) Germany 300 1.50 France 150 100 (a) Draw the PPF for Germany. Put cheese on the vertical axis, and wine on the horizontal axis. Indicate the values of both intercepts. (b)...

  • Suppose that France and Germany both produce schnitzel and wine. The following table shows combination of...

    Suppose that France and Germany both produce schnitzel and wine. The following table shows combination of the goods that each country can produce in a day 2. France Germany Wine Schnitzel Wine Schnitzel bottles)(pounds) (bottles)(pounds) 15 12 Who has comparative advantage in producing wine? Who has the comparative advantage in producing schnitzel? Explain Suppose France is currently producing 1 bottle of wine and 6 pounds of schnitzel, and Germany is currently producing 3 bottles of wine and 6 pounds of...

  • Suppose that France and Gernany both produce wine and schrel The tabk belaw shows combinations of...

    Suppose that France and Gernany both produce wine and schrel The tabk belaw shows combinations of the gaots that each country can produce in a day France Germany Wine (Bottles) Schnitzel (Pounds) Winc (Bottles 20 16 Who has the comparative advatage in producing wine arid wha has the comparative advantage in producing schrilzel? O A. France has a comparative advantage producing schnitzel and Germany has a comparative advantage producing wine. ⓔ France has a comparatns advantage producing wine and Germany...

  • Suppose that France and Germany both produce wine and schnitzel. The table below shows combinations of...

    Suppose that France and Germany both produce wine and schnitzel. The table below shows combinations of the goods that each country can produce in a day. France Germany Wine​ (Bottles) Schnitzel​ (Kilograms) Wine​ (Bottles) Schnitzel​ (Kilograms) 0 12 0 25 1 9 1 20 2 6 2 15 3 3 3 10 4 0 4 5 5 0 Suppose that France is currently producing 1 bottle of wine and 9 kilograms of schnitzel and Germany is currently producing 3 bottles...

  • Assume that both Italy and France can produce cheese and wine. Italian workers can produce either...

    Assume that both Italy and France can produce cheese and wine. Italian workers can produce either 200 cases of wine or 600 pounds of cheese in one month and French workers can produce 250 cases of wine or 500 pounds of cheese in one month. Assume constant opportunity costs. Graph the PPF/PPC for each country on a single graph Which country has the absolute advantage in wine? ___________ Which country has the absolute advantage in cheese? __________ What is the...

  • France and Germany each produce both wine and beer. Their production possibilities are: France - 200...

    France and Germany each produce both wine and beer. Their production possibilities are: France - 200 bottles of wine or 400 bottles of beer, and Germany 500 bottles of wine or 400 bottles of beer. A. Which country has an absolute advantage in wine production? B. Which country has an absolute advantage in beer production? C. Which country has a comparative advantage in wine production? D. Which country has a comparative advantage in beer production? E. Propose a trade agreement...

  • 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...

  • ​*MULTIPLE PART QUESTION* There are two countries in the world, France and Germany, and both can...

    ​*MULTIPLE PART QUESTION* There are two countries in the world, France and Germany, and both can use workers to produce either cheese or bread. France can produce either a ton of cheese or a ton of bread with 3 workers. Germany can produce a ton of cheese with 6 workers and a ton of bread with 3 workers. France has 120 workers; Germany has 150 workers. Initially, there is no trade between the two countries. There are two countries in...

  • suppose that France and Denmark both produce oil and cheese ttempts: 5. The price of trade...

    suppose that France and Denmark both produce oil and cheese ttempts: 5. The price of trade Suppose that France and Denmark both produce oil and cheese. France's opportunity cost of producing a pound of cheese is 4 barrels of oil while Denmark's opportunity cost of producing a pound of cheese is 10 barrels of oil. By comparing the opportunity cost of producing cheese in the two countries, you can tell that production of cheese and has a comparative advantage in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT