5. The price of trade Suppose that Greece and Switzerland both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 5 barrels of oil while Switzerland's opportunityr cost of producing a pair of shoes is 10 barrels of oil. By comparing the opportunityr cost of producing shoes in the two countries, you can tell that V has a comparative advantage in the production of shoes and V has a comparative advantage in the production of oil. Suppose that Greece and Switzerland consider trading shoes and oil with each other. Greece can gain from specialization and trade as long as it receives more than V of oil for each pair of shoes it exports to Switzerland. Similarly, Switzerland can gain From trade as long as it receives more than V of shoes for each barrel of oil it exports to Greece. can tell that has a com production of Greece ther. Greece Switzerland specialization witzerland. Illicity, switzerland can gairSuppose that Greece and Switzerland consider trading shoes and oil with each other. Greece can gain from specialization and trade as long as it receives more than V of oil for each pair of shoes it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than V of shoes for each barrel of oil it exports to Greece. Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of oil} would allow both Switzerland and Greece to gain from trade? Check all that apply; D 11 barrels of oil per pair of shoes D 6 barrels of oil per pair of shoes D 7 barrels of oil per pair of shoes C] 1 barrel of oil per pair of shoes se that Greece and Switzerland consider 's more than of oil for s more than of shoes fo 1 barrel on your answ 1/10 barrel question, whi eece to gain neck all that a 1/5 barrel 11 barrels of shoes 5 barrels 6 barrels 10 barrels of shoes 7 barrels of oil per pair of shoes