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请选择正确的答案,并阐述选择的原因 。 Table 1.1 In the United Kingdom In the Rest of the World Productivity Umbrellas per labor hour 6 1 Units of corn per labor hour 4 3 Refer to Table 3.3. The United Kingdom has an absolute advantage in the production of __________ and the Rest of the World has an absolute advantage in the production of __________. Both goods; neither good Neither good; both goods Umbrellas; corn Corn; umbrellas Refer to Table 3.3. The United Kingdom has a comparative advantage in the production of __________ and the Rest of the World has a comparative advantage in the production of __________. Both goods; neither good Neither good; both goods Umbrellas; corn Corn; umbrellas Refer to Table 3.3. The opportunity cost of producing a unit of corn in the United Kingdom is __________ umbrellas and the opportunity cost of producing a unit of corn in the Rest of the World is __________ umbrellas. 2/3; 3 3; 2/3 3/2; 1/3 1/3; 3/2 Refer to Table 3.3. The opportunity cost of producing an umbrella in the United Kingdom is __________ units of corn and the opportunity cost of producing an umbrella in the Rest of the World is __________ units of corn. 2/3; 3 3; 2/3 3/2; 1/3 1/3; 3/2 Refer to Table 3.3. Once trade is opened, we can anticipate that the international price of umbrellas will lie between __________ and __________. 2/3 of a unit of corn; 3 units of corn 3/2 units of corn; 2/3 of a unit of corn 3/2 of a unit of corn; 1/3 of a unit of corn 3 units of corn; 1/3 of a unit of corn Refer to Table 3.3. Once trade is open, we can anticipate that the international price of corn will lie between __________ and __________. 2/3 of an umbrella; 3 umbrellas 3/2 umbrellas; 2/3 of an umbrella 3/2 umbrellas; 1/3 of an umbrella 3 umbrellas; 3/2 umbrellas Table 1.2 In the United States In France Labor hours to make: 1 gallon of Wine 4.00 1.00 1 pound of Cheese 1.00 2.00 Refer to Table 3.4 and assume the United States and France trade only with each other. The United States has an absolute advantage in the production of __________ and France has an absolute advantage in the production of __________. Neither good; wine Cheese; neither good Wine; cheese Cheese; wine Refer to Table 3.4. What is the relative price of cheese (the price of cheese in terms of wine) in France if it does not engage in trade? 2 gallons of wine per pound. 1 gallon of wine per pound. 0.5 gallons of wine per pound. 0.25 gallons of wine per pound. Refer to table 3.4. The opportunity cost of cheese in France is __________ and the opportunity cost of cheese in the United States is __________. 1 gallon of wine; 0.5 gallons of wine 2 gallons of wine; 1 gallon of wine 2 gallons of wine; 0.25 gallons of wine 0.5 gallons of wine; 4 gallons of wine Refer to Table 3.4 and assume the United States and France trade only with each other. The United States has a comparative advantage in the production of __________ and France has a comparative advantage in the production of __________. Both goods; neither good Cheese; wine Wine; cheese Neither good; both goods Refer to Table 3.4. Once trade between the United States and France opens, we can anticipate that the international price of wine will be between __________ and __________. 1 pound of cheese; 4 pounds of cheese 0.5 pounds of cheese; 4 pounds of cheese 1 pound of cheese; 2 pounds of cheese 0.5 pounds of cheese; 2 pounds of cheese Refer to Table 3.4. Once trade between the United States and France opens, we can anticipate that the international price of cheese will be between __________ and __________. 1 gallon of wine; 0.5 gallons of wine 2 gallons of wine; 4 gallons of wine 2 gallons of wine; 0.25 gallons of wine 1 gallon of wine; 4 gallons of wine
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