Suppose Spain Is Currently Producing 90 Units of Wine and 10

question 122

Multiple Choice

Suppose Spain is currently producing 90 units of wine and 10 units of cheese,but to produce 10 more units of cheese it must sacrifice 30 units of wine.Further,suppose that Portugal produces 45 units of wine and 45 units of cheese,but to produce 10 more units of cheese it must sacrifice only 10 units of wine.It can be concluded that

• A)Portugal has an absolute advantage in both wine and cheese production.
• B)Portugal has an absolute advantage in wine production and Spain has an absolute advantage in cheese production.
• C)Spain has an absolute advantage in both wine and cheese production.
• D)Spain has a comparative advantage in the production of wine and Portugal has a comparative advantage in the production of cheese.
• E)more information is needed to conclude anything about comparative advantage in either country.

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Definitions:

Ethical Framework

A structured set of guidelines designed to help individuals and organizations make decisions that align with moral values and ethical principles.

Health Care System

An organization of people, institutions, and resources that deliver health care services to meet the health needs of target populations.

Emergency Care

Immediate and often life-saving care given to individuals who are suffering from a sudden illness or injury.

Ethical Dilemma

A situation in which a difficult choice must be made between two or more morally acceptable or unacceptable options, often involving a conflict of values or principles.