England and France can produce both wine and cloth. The English use 80 labor-hours to produce a

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England and France can produce both wine and cloth. The English use 80 labor-hours to produce a unit of cloth and 40 labor-hours to produce a unit of wine. The French use 100 labor-hours to produce a unit of cloth.

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Fill in the blank cell—labor-hours to produce a unit of French wine—to show France’s absolute advantage in producing wine. Explain.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 12, 2024 01:00 AM

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England and France can produce both wine and cloth. The English use 80 labor-hours to produce a

Question:

ENGLAND FRANCE CLOTH WINE 80 40 100

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Principles Of Microeconomics

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