This Table Shows How Much Wine and Cheese Can Be

question 91

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. The opportunity cost of cheese in terms of wine is

• A) 1/4 in Spain.
• B) 4 in Spain.
• C) 2 in each country.
• D) 3/2 in Portugal.
• E) 3 in Portugal.

---

Definitions:

New Skill

The acquisition of a previously unknown ability or knowledge area, typically aimed at improving one's competency in personal or professional activities.

Surgical Procedures

Operations or interventions performed by medical professionals using instruments to treat disease, injuries, or deformities.

Treatment Options

Various medical, surgical, or psychological strategies available for diagnosing, managing, or curing health conditions.

Overall Satisfaction

A measure of how content an individual is with a particular situation, service, or product, encompassing all aspects of their experience.