Question 10 (1 point) Use the following graph below to answer questions 1-10: 10

Question

Question 10 (1 point)

Use the following graph below to answer questions 1-10:

10. If England has three workers and Portugal has ten workers, which statement is true?

Question 10 options:

The English worker has a greater productivity in cloth

The English worker has a greater productivity in wine

Both a. and b. are correct

None of the above is correct

Question 9 (1 point)

Use the following graph below to answer questions 1-10:

9. Which statement is true?

Question 9 options:

England has an absolute cost advantage in cloth

England has a comparative cost advantage in cloth

Both a. and b. are correct

None of the above is correct

Use the following graph below to answer questions 1-10:

7. If England has three workers, then one worker can produce how many units of cloth?

Question 7 options:

1

4

3

2

Question 6 (1 point)

6. If England has three workers, then one worker can produce how many units of wine?

Question 6 options:

2

0

1

0.5

The English worker has a greater productivity in cloth

The English worker has a greater productivity in wine

Both a. and b. are correct

None of the above is correct

Explanation / Answer

10) If England has 3 workers, they are producing 6 bottles of wine (2 bottles per worker) or 9 units of cloth (3 units per worker). If Portugal has 10 workers, they are producing 10 bottles of wine (1 bottles per worker) or 5 units of cloth (0.5 units per worker). Hence English workers are productive in both wine and clothes. Both a and b are correct

9) England has both compartive and absolute advantage in cloth. Opportunity cost of producing cloth in Portugal is 2 units of wine and the same is 0.67 units of wine in England. Moreover, England produces more cloth than Portugal. Both a and b are correct

7) 3 units because a total of 9 units are produced by 3 workers so per worker production is 9/3 = 3

6) 2 units because a total of 6 units are produced by 3 workers so per worker production is 6/3 = 2

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