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1) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows

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1) 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. Do not include any symbols, such as "$," "=," "," or "," in your answer. 1. What is the opportunity cost of producing one ship (in terms of tons of grapes) for Spain? Provide your answer as a number rounded to two decimal places (for example, please write 1.00 instead of 1). Answer "a." 2. What is the opportunity cost of producing one ton of grapes (in terms of ships) for Spain? Provide your answer as a number rounded to two decimal places (for example, please write 1.00 instead of 1). Answer "b." 3. Which country has a comparative advantage producing ships? Please type your answer France or Spain. Answer "c." 4. Which country has a comparative advantage producing grapes? Please type your answer France or Spain. Answer "d." 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. 5. 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? Please type an integer number. Answer"e." With specialization, Spain produces only grapes-75 tons- and France produces 75 ships. The terms of trade are 1 ship for 1 ton of grapes, and 30 ships are traded for 30 tons of grapes. 6. How many ships can Spain consume with trade? Please type an integer number. Answer "f." 7. How many ships can France consume with trade? Please type an integer number. Answer "g." 8. Is France better off with trade? Please type your answer Yes ot No. Answer "h." Spain France Ships Grapes (in tons) Ships Grapes (in tons) 0 75 0 50 10 60 15 40 20 45 30 30 30 30 45 20 40 15 60 10 50 0 75 0 a.Enter your answer for question a. 9.Enter your answer for question b. Enter your answer for question c.| d.Enter your answer for

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