3:00 PM Tue Sep 6 75% Assignment Details ECON-102-OLH-Principles of Micro Economics-CRN 89677 1. Germany 2. France . Absolute Advantage 1. Wine 2. Sausage Comparative Advantage 1. Wine 2. Sausa Trading Ratios: 1. Germany will produce and export (Item and number of units) for (Item and number of units) 2. France will produce and export (Item and number of units) for (Item and number of units) Model for your Answer Production Ratios Cheese to Bread 1. England 4 cheese to 1 Bread - Internal Cost (4C:1B) or (1C:1/4 B) 2. Spain 2 cheese to 1 Bread - Internal Cost(2C:1B) or (1C : 1/2 B) Absolute Advantage 1. Cheese: England 2. Bread: England . Comparative Advantage 1. Cheese: England 2. Bread: Spain . Trading Ratios: 1. England will produce and export 1 unit of cheese in exchange for 1/3 unit of bread 2. Spain will produce and export 1 unit of bread in exchange for 3 cheese. Submit Assignment Previous Next 52 C_ Dashboard 388 Calendar To Do Notifications Inbox3:00 PM Tue Sep 6 75% Assignment Details ECON-102-OLH-Principles of Micro Economics-CRN 89677 Assume that Germany and France can switch between producing wine and producing sausages at a constant rate. Labor Hours Needed Number of Units to Make 1 Unit of Produced in 80 Hours Wine Sausage Wine Sausage Germany 2 20 40 France 20 5 16 . Required Answers (you can cut and paste these questions and follow the sample answer below. Production Ratios Wine to Sausage 1. Germany 2. France . Absolute Advantage 1. Wine 2. Sausage Comparative Advantage 1. Wine 2. Sausage Trading Ratios: 1. Germany will produce and export (Item and number of units) for (Item and number of units) 2. France will produce and export_ (Item and number of units) for (Item and number of units) Submit Assignment Previous Next 52 _ Dashboard 883 Calendar TO Do Notifications Inbox