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Consider the following production data for Italy.' and France: Italy France Labour force 53 18B Bottles of wine per worker Wheels ot cheese per
Consider the following production data for Italy.' and France: Italy France Labour force 53 18B Bottles of wine per worker \" Wheels ot cheese per worker \"- Assume that each country spends half of their income in each good. Please consider wine to be the numeraire good. Cheese the best alternative based on the information from the previous Table Under Free Trade, the increase in aggregate consumption (with respect to Autarky] of cheese is 40 wheels ofcheese 0 Under Free Trade, the increase in aggregate consumption (with respect to Autarky] of wine is 250 bottles 0 Under Free Trade, the increase in aggregate consumption (with respect to Autarky} of wine is 400 bottles 0 Under Free Trade, the increase in aggregate consumption (with respect to Autarky] of wine is EDD bottles Under Free Trade, the increase in aggregate consumption (with respect to Autarky) of cheese is 400 wheels ofcheese
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