France and Poland each have one worker whosemonthly linear Production PossibilityFrontier indicatesthe following production possibilities: PolandFranceComputers (C) 246Grain (G) 43 a)France’sopportunity cost of G in terms of units of C equals ______ ? b) Poland’sopportunity cost of G in terms of units of C equals ______ ?For the followingparts, please complete the questions by filling in the blank, and responding toremainderof the question: c) Poland’scomparative advantage is in ______ because: d) If France and Poland decide to trade, _________ will be theexporter of G while ______ will bethe importer because: e) If the economies choose to trade, the world relative priceof goods must be ________ in orderfor trade to be mutually beneficial, because:
France and Poland each have one worker whose
monthly linear Production Possibility
Frontier indicates
the following production possibilities:
Poland
France
Computers (C) 24
6
Grain (G) 4
3
a)France’s
opportunity cost of G in terms of units of C equals ______ ?
b) Poland’s
opportunity cost of G in terms of units of C equals ______ ?
For the following
parts, please complete the questions by filling in the blank, and responding to
remainder
of the question:
c) Poland’s
comparative advantage is in ______ because:
d) If France and Poland decide to trade, _________ will be the
exporter of G while ______ will be
the importer because:
e) If the economies choose to trade, the world relative price
of goods must be ________ in order
for trade to be mutually beneficial, because:
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