Answer the question(s)below based on the information in the following table,where the numbers represent the number of labor hours it will take to produce a unit of the given good.
$$\begin{array} { | c | c | c | }
\hline & \text { Spain } & \text { France } \
\hline \text { Grapes } & 3 & 9 \
\hline \text { Textiles } & 1 & 2 \
\hline
\end{array}$$
-Refer to the table above.If complete specialization occurs,and France has a labor force of 30,000 hours of labor,then after trade begins it will produce

Question

Answer the question(s)below based on the information in the following table,where the numbers represent the number of labor hours it will take to produce a unit of the given good.
 $$\begin{array} { | c | c | c | } 
\hline & \text { Spain } & \text { France } \
\hline \text { Grapes } & 3 & 9 \
\hline \text { Textiles } & 1 & 2 \
\hline
\end{array}$$
-Refer to the table above.If complete specialization occurs,and France has a labor force of 30,000 hours of labor,then after trade begins it will produce

Quizplus · Accepted Answer

France should specialize in textiles because it has a lower opportunity cost in producing textiles compared to grapes. With 30,000 labor hours and 2 hours needed per unit of textiles, France can produce 15,000 units of textiles.

Answer the Question(s)below Based on the Information in the Following