If Scotland produces only mead, and England produces only ale, how many pints of ale would buy one pint of mead?

Question

Quizplus · Accepted Answer

The opportunity cost of producing mead in Scotland is the amount of ale that could have been produced instead. Therefore, the number of pints of ale that would buy one pint of mead would be no fewer than this opportunity cost, as it represents the minimum amount Scotland would accept in exchange to cover their lost opportunity in ale production.

If Scotland Produces Only Mead, and England Produces Only Ale