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Question: 5 the price of trade suppose that italy and denmark...

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5. The price of trade Suppose that Italy and Denmark both produce fish and olives. Italys opportunity cost of producing a crate of olives is S pounds of fsh white Denmarks opportunity cost of producing a crate of olives is 10 pounds of fish By comparing the opportunity cost of producing olives in the two countries, you can tell that has a comparative advantage in the production of olives and y has a comparative advantage in the production of fish. consider trading olives and fish with each other. Italy can gain from specialization and trade as long as it receives of fish for each crate of olives it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more more than of olives for each pound of fish it exports to Italy Based on your answer to the last question, which of the following of trade (that is, price of olives in terms of fish) would allow both Denmark and Italy to gain from trade? Check aw that apply. O 15 pounds of fish per crate of olives 3 pounds of fish per crate of olives 8 pounds of fish per crate of olives 1 pound of fish per crate of olives MacBook Pro
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