# Assume that both Italy and France can produce cheese and wine. Italian workers can produce either...

###### Question:

Assume that both Italy and France can produce cheese and wine. Italian workers can produce either 200 cases of wine or 600 pounds of cheese in one month and French workers can produce 250 cases of wine or 500 pounds of cheese in one month. Assume constant opportunity costs.

1. Graph the PPF/PPC for each country on a single graph
2. Which country has the absolute advantage in wine? ___________
3. Which country has the absolute advantage in cheese? __________
4. What is the opportunity cost of a case of wine in Italy? _________
5. What is the opportunity cost of a case of wine in France? ________
6. What is the opportunity cost of a pound of cheese in Italy? ______
7. What is the opportunity cost of a pound of cheese in France? ______
8. Which country has the comparative advantage in wine? __________
9. Which country has the comparative advantage in cheese? __________
10. On your PPF above, show the JOINT PPF

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