Given the Following Classical-Type Table Showing the Number of Days

question 4

Multiple Choice

Given the following Classical-type table showing the number of days of labor input required to obtain one unit of output of each of the two commodities in each of the three countries:
$\begin{array}{lcc}&\underline{\text { wine}}&\underline{\text { clothing} }\\\text { Denmark } & 4 \text { days } & 6 \text { days } \\\text { Germany } & 3 \text { days } & 3 \text { days } \\\text { Portugal } & 5 \text { days } & 9 \text { days }\end{array}$
Which one of the following statements is correct?

• A) If trade is taking place, Germany will always be exporting wine.
• B) If trade is taking place, Denmark will always be exporting clothing.
• C) If trade is taking place, Portugal will always be importing clothing.
• D) If trade is taking place and the terms of trade are 1 clothing:1.6 wine, Germany will be Exporting clothing and Denmark and Portugal will be importing clothing.

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Definitions:

Supplier Networks

The interconnected group of suppliers from which a company acquires goods or services, crucial for the efficiency and quality of the end product.

Inventory Levels

The quantity of goods or materials on hand at any given time within a business, critical for meeting customer demand and operational efficiency.

Grid Technique

A strategic planning tool used to evaluate and prioritize ideas or options by placing them on a grid based on two criteria.