Question

(05.04 MC) A table with title: Hours to Produce One Liquid Unit. Greece produces olive oil in 35 worker hours and wine in 60 worker hours. France produces olive oil in 35 worker hours and wine in 45 worker hours. Italy produces olive oil in 35 worker hours and wine in 45 worker hours. There is a blank column for each country titled additional worker hours to produce wine instead of olive oil. Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trade?

Answer 1

Based on the number of work hours, the answer is France should produce wine, Greece and Italy should produce olive oil because it requires the less amount of work hours per product made.