This Table Shows How Much Wine and Cheese Can Each

question 24

Multiple Choice

This table shows how much wine and cheese can each be produced in Spain and Portugal with one unit of equivalent resources.Initially there is no trade.Once trade opens up,transportation costs are assumed to be zero. TABLE 32-5 Refer to Table 32-5.The comparative advantage in wine is held by

• A)Spain.
• B)Portugal.
• C)both countries.
• D)neither country.
• E)Insufficient information to determine the answer.

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Definitions:

Heroin

An opioid drug made from morphine, a natural substance taken from the seed pod of various opium poppy plants, often used illicitly for its euphoric effects.

Marijuana

A psychoactive drug derived from the Cannabis plant, used for recreational or medicinal purposes.

Cocaine

A powerful and illegal stimulant drug derived from the leaves of the coca plant.

Marijuana Use

The consumption of cannabis, which can have various effects, both medicinal and recreational, on the body and mind.