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Suppose that Portugal and Germany both produce sh and stained glass. Portugal's opportunity cost of producing a pane of stained glass is 4 pounds of

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Suppose that Portugal and Germany both produce sh and stained glass. Portugal's opportunity cost of producing a pane of stained glass is 4 pounds of sh, while Germany's opportunity cost of producing a pane of stained glass is 10 pounds of sh. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that v has a comparative advantage in the production of stained glass, and V has a comparative advantage in the production of fish. Suppose that Portugal and Germany consider trading stained glass and fish with each other. Portugal can gain from specialization and trade as long as it receives more than v of sh for each pane of stained glass it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than V of stained glass for each pound of fish it exports to Portugal. Based on your answers to the previous question, which of the following terms of trade (that is, price of stained glass in terms of sh) would allow both Germany and Portugal to gain from trade? Check all that apply. O 3 pounds of fish per pane of stained glass 6 pounds of fish per pane of stained glass m 18 pounds of sh per pane of stained glass (1 1 pound of sh per pane of stained glass

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