Italy and the Republic of Georgia Both Produce Liters of Wine

question 64

Essay

Italy and the Republic of Georgia both produce liters of wine and meters of cloth.In Italy,each worker in an hour can produce either 5 liters of wine or 25 meters of cloth.In Georgia,each worker in an hour can produce either 3 liters of wine of 12 meters of cloth.Each country has constant opportunity cost of production and each has 300 hours of labor available.

Initially,the two countries do not trade.Italy allocates 100 hours of labor to wine production and 200 hours of labor to cloth production,so it produces a total of ________ liters of wine and ________ meters of cloth.Georgia allocates 100 hours of labor to wine production and 200 hours of labor to cloth production,so it produces a total of ________ liters of wine and ________ meters of cloth.
The two countries decide to specialize and then engage in trade.With specialization,Italy will produce ________ liters of wine and ________ meters of cloth,and Georgia will produce ________ liters of wine and ________ meters of cloth.The two countries decide to trade 550 liters of wine in exchange for 2,475 meters of cloth.After trade,Italy will consume ________ liters of wine and ________ meters of cloth,and Georgia will consume ________ liters of wine and ________ meters of cloth.
After specialization and exchange,Italy is able to consume ________ more liters of wine and ________ more meters of cloth than it could before trade.Georgia is able to consume ________ more liters of wine and ________ more meters of cloth after specialization and exchange than it could before specialization and exchange.

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Definitions:

Psychosurgery

Surgical operations on the brain intended to relieve severe mental disorders.

Cingulotomy

A neurosurgical procedure that targets the cingulate gyrus to treat certain mental disorders, such as severe depression and obsessive-compulsive disorder.

Bilateral Lobotomy

A surgical procedure that involves severing connections in the brain's prefrontal lobe, historically used to treat mental illness with often debilitating results.

Time Outs

A disciplinary technique used to remove an individual from an environment for a period of time as a consequence for unacceptable behavior, with the goal of decreasing that behavior.