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Specialize in the production of wine and trade

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Suppose that a German worker takes 400 hours to produce a car and 2 hours to produce a case of wine. Suppose also that a French worker takes 600 hours to produce a car and 1 hour to produce a case of wine. For what relative price of cars and wine will Germany export cars and import wine (that is, for what relative price of cars and wine is Germany willing to specialize in the production of cars and trade them for wine)?

1 car: 100 cases of wine

1 car: 400 cases of wine

1 car: 700 cases of wine

None of the above - Germany would prefer to specialize in the production of wine and trade it for cars

Reference no: EM132368745

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