France and England Both Produce Wine and Cloth with Constant

question 55

Multiple Choice

France and England both produce wine and cloth with constant opportunity costs.France can produce 150 barrels of wine if it produces no cloth or 100 bolts of cloth if it produces no wine.England can produce 50 barrels of wine if it produces no cloth or 100 bolts of cloth if it produces no wine.Using this information,we can conclude that:

• A)France has a comparative advantage in cloth production.
• B)England has a comparative advantage in cloth production.
• C)France has a comparative advantage in both goods.
• D)mutually beneficial international trade is not possible.

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Definitions:

Fibrinogen Inactivator

An enzyme or agent that inhibits the function of fibrinogen, a protein necessary for blood clot formation.

Thrombin

An enzyme in blood plasma that causes the clotting of blood by converting fibrinogen to fibrin, an essential step in hemostasis.

Platelet Formation

The process of creating platelets, which are small blood cells that play a critical role in blood clotting and wound healing, from the fragmentation of megakaryocytes.

Clotting

The process by which blood changes from a liquid to a solid state to stop bleeding, also known as coagulation.