Question
The following table depicts the labor productivity of Germany and France for pairs of shoes and bottles of wine. Germany France Shoes 13 19 Wine
The following table depicts the labor productivity of Germany and France for pairs of shoes and bottles of wine.
Germany France
Shoes 13 19
Wine 11 15
_______ has an absolute advantage in the production of Shoes.
Germany's opportunity cost for a pair of shoes is ______
11/13
13/11
15/19
19/15
11/15
15/11
France'sopportunity cost for a pair of shoes is _______
11/13
13/11
15/19
19/15
11/15
15/11
______ has a comparative advantage in shoes.
The lower bound of the trade price of shoes is _____
11/13
13/11
15/19
19/15
11/15
15/11
13/19
The upper bound of the trade price of shoes is _____
11/13
13/11
15/19
19/15
11/15
15/11
19/13
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