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Question 1 France and the Netherlands produce cheese and ham. Each country in endowed with a specific amount of labor and has a unit labor

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Question 1 France and the Netherlands produce cheese and ham. Each country in endowed with a specific amount of labor and has a unit labor requirement for producing each good. France is endowed with 30 million units of labor, and the Netherlands is endowed with 10 million units of labor. The unit labor requirements are given as: France The Netherlands Unit Labor Requirement for ac#0.25 ac-0.40 Cheese Unit Labor Requirement for Ham an-0.50 an=0.10 D Question 1 1 pts Part (i): Refer to the table above. If France only produces cheese, it can produce ._._ units of cheese. If the Netherlands only produces cheese. it can produce __ _ units of cheese. 120 million: 25 million 250 million: 4 million 250 million: 15 million 7.5 million; 25 million 7.5 million: 4 million D Question 2 1 pts Part (ii): Referring to the table above. _ has an absolute advantage in the production of cheese. and has an absolute advantage in the production of ham. France; the Netherlands France: France O the Netherlands: France Il app.honorlock.c

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