What is the uk opportunity cost for producing all wine

Reference no: EM132192494

Question: Comparative Advantage

Autarky Specialization Trade

Textiles UK	2000	3000
Wine UK	1000	2000
Textiles Poland	1000	3000
Wine Poland	2000	2000

i) What is the UK's opportunity cost for producing all wine and giving up textiles?

ii) What is the UK's opportunity cost for producing all textiles and giving up wine?

iii) What is Poland's opportunity cost for producing all wine and giving up textiles?

iv) What is Poland's opportunity cost for producing all textiles and giving up wine?

v) Calculate and show in the "specialization box" above the number of textiles that the UK can produce if the UK gives up producing wine.

vi) Calculate and show in the "specialization box" above the amount of wine that Poland can produce if Poland gives up producing textiles.

Reference no: EM132192494

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