Suppose that Greece and Denmark both produce rye and cheese. Greece's opportunity cost of producing a pound of cheese is 3 bushels of rye l.wrhile Denmark's opportunity cost of producing a pound of cheese is 11 bushels of rye. By comparing the opportunity cost of producing cheae in the two countries, you can tell that V has a comparative advantage in the production of cheese and V has a comparative advantage in the production of rye. Suppose that Greece and Denmark consider trading cheese and rye with each other. Greece can gain From specialization and trade as long as it receives more than V of rye for each pound of cheese it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than V of cheese for each bushel of rye it exports to Greece. Based on your answer to the last question, which of the following prim of trade {that is, price of cheese in tenns of rye) would allow both Denmark and Greece to gain from trade? Check all that apply. C] 1 bushel of rye per pound of cheese [:1 13 bushels of rye per pound of cheae C] 4 bushels of rye per pound of cheese C] 5 bushels of rye per pound of cheese Suppose that Greece and Denmark both produce rye and cheese. Greece's opportunity cost of producing a pound of cheese is 3 bushels of rye while Denmark's opportunity oost of producing a pound of cheese is 11 bushels of rye. By comparing the opportunity cost of producing cheae in the two countries, you can tell that v has a comparative advantage in the production of cheese and v has a comparative advantage in the production of Suppose that Greece and Denmark consider trading cheese and rye with each other. Greece - specialization and trade as long as it receives more than V of rye for each pound of cheese it exports to Denmark. -, enmark can gain from trade as long as it receives more than V of cheese for each bushel of rye it exports to Greece. Based on your answer to the last question, which of the following prioes of trade (that is, price of cheese in terms of rye) would allow both Denmark and Greece to gain from trade? Check all that apply. C] 1 bushel of rye per pound of cheese C] 13 bushels of rye per pound of cheae C] 4 bushels of rye per pound of cheese C] 5 bushels of rye per pound of cheese Suppose that Greece and Denmark both produce rye and cheese. Greece's opportunity cost of producing a pound of cheese is 3 bushels of rye while Denmark's opportunity cost of producing a pound of cheese is 11 bushels of rye. By comparing the opportunity cost of producing cheese in the two countries, you can tell that V has a comparative advantage in the production of cheese and v has a comparative advantage in the production of rye. Suppose that Greece and nsider trading cheese and rye with each other. Greece can gain from specialization and trade as long as it receives more than of rye for each pound of cheese it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than of cheese for each bushel of rye it exports to Greece. Based on your answer to the last question, which of the following prices; of trade (that is, price of cheese in ten'ns of rye) would allow both Denmark and Greece to gain from trade? Check all that apply. C] 1 bushel of rye per pound of cheese C] 13 bushels of rye per pound of cheae C] 4 bushels of rye per pound of cheese C] 5 bushels of rye per pound of cheese Suppose that Greece and Denmark both produce rye and cheese. Greece's opportunity cost of producing a pound of cheese is 3 bushels of rye while Denmark's opportunity cost of producing a pound of cheese is 11 bushels of rye. By comparing the opportunity cost of producing cheae in the two countries, you can tell that v has a comparative advantage in the production of cheese and v has a comparative advantage in the production of rye. Suppose that Greece and Denmark consider trading cheese and rye with each other. Greece can gain from specialization and trade as long as it receives more than V of rye for each pound of cheese it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than of cheese for each bushel of rye it exports to Greece. Based on your an 1111 bushel uestion, which of the following prim of trade (that is, price of cheese in terms of rye) would allow both Denmark and Greece to gain - a- all that apply. U3 bushel C] 1 bushel - of cheese C] 13 bushel 11 bushels ml of cheese C] 4 bushels of rye per pound of cheese C] 6 bushels of rye per pound of cheese Suppose that Greece and Denmark both produce rye and cheese. Greece's opportunity cost of producing a pound of cheese is 3 bushels of rye while Denmark's opportunity cost of producing a pound of cheese is 11 bushels of rye. By comparing the opportunity cost of producing cheese in the two countries, you can tell that has a comparative advantage in the production of cheese and has a comparative advantage in the production of rye. Suppose that Greece and Denmark consider trading cheese and rye with each other. Greece can gain from specialization and trade as long as it receives more than of rye for each pound of cheese it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than of cheese for each bushel of rye it exports to Greece. 1 pound Based on your answ question, which of the following prices of trade (that is, price of cheese in terms of rye) would allow both Denmark and Greece to gain 1/11 pound peck all that apply. O 1 bushel d 1/3 pound d of cheese 13 bushel 3 pounds und of cheese 4 bushels 11 pounds nd of cheese 6 bushels of rye per pound of cheese