France has absolute advantage in the production of ither grapes nor textiles. (A: grapes; B: textiles: C. both grapes and textiles: D: ne

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 13RQ: What is the difference between a fixed input and a variable input?
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QUESTION 42
France has absolute advantage in the production of
ither grapes nor textiles.
رل
(A: grapes; B: textiles: C. both grapes and textiles: D: ne
Transcribed Image Text:QUESTION 42 France has absolute advantage in the production of ither grapes nor textiles. رل (A: grapes; B: textiles: C. both grapes and textiles: D: ne
Goods
Grapes
Textiles
Spain
8
4
Note: figures are hours of labor per unit of output
France
15
5
Transcribed Image Text:Goods Grapes Textiles Spain 8 4 Note: figures are hours of labor per unit of output France 15 5
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