This Table Shows How Much Wine and Cheese Can Be

question 95

Multiple Choice

This table shows how much wine and cheese can 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. $$\begin{array}{l}\begin{array} { | l | l | l | } \hline & \begin{array} { l } \text { Wine } \\\text { (units) }\end{array} & \begin{array} { l } \text { Cheese } \\\text { (units) }\end{array} \\\hline \text { Spain } & 2 & 8 \\\hline \text { Portugal } & 2 & 3 \\\hline\end{array}\\\text { TABLE 33- } 5\end{array}$$
-Refer to Table 33- 5. Once trade begins,

• A) the opportunity cost of the goods they now import will be less than when there was no trade, for both countries.
• B) the opportunity cost of the goods they now import will be less than when there was no trade, but for Portugal only.
• C) some resources will be permanently unemployed in Portugal.
• D) it will be beneficial for Portugal to ban the import of cheese.
• E) it will be beneficial for Spain to ban the import of wine.

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Definitions:

Hydrostatic Skeleton

A structure found in many soft-bodied organisms that uses water pressure inside the body to maintain shape and facilitate movement.

Endoskeleton

An internal support structure of the body, found in vertebrates, providing framework and protection for the body's organs.

Exoskeleton

A hard outer shell that covers the body of certain invertebrate creatures, particularly those in the arthropod group, offering support and defense.

Integumentary System

The Integumentary System is the body system that includes the skin and its appendages, serving as a protective barrier against environmental hazards.