Solved

The Table Given Below Shows the Number of Labor Hours

Question 26

Multiple Choice

The table given below shows the number of labor hours required to produce 1 gallon of wine and 1 pound of cheese in the U.S. and France. If the U.S. and France engage in free trade with each other, the international price of wine will lie between _____ and _____.  Labor hours to make:  In the United States  In France  1 gallon of wine 4.001.00 1 pourd of cheese 1.002.00\begin{array} { l c c } \hline \text { Labor hours to make: } & \text { In the United States } & \text { In France } \\\hline \text { 1 gallon of wine } & 4.00 & 1.00 \\\text { 1 pourd of cheese } & 1.00 & 2.00 \\\hline\end{array}


A) 1 pound of cheese per gallon; 4 pounds of cheese per gallon
B) 0.5 pounds of cheese per gallon; 4 pounds of cheese per gallon
C) 1 pound of cheese per gallon; 2 pounds of cheese per gallon
D) 0.5 pounds of cheese per gallon; 2 pounds of cheese per gallon

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions