France and England both produce wine and cloth with constantopportunity costs. France can produce 150 barrels of wine if itproduces no cloth or 100 bolts of cloth if it produces no wine.England can produce 50 barrels of wine if it produces no cloth or150 bolts of cloth if it produces no wine. When international tradetakes place, each country specializes completely in the productionof the good in which it has a comparative advantage: 1 barrel ofwine exchanges for 1 bolt of cloth and France exports 50 units ofwine. We can conclude that France produces _____ units of wine and_____ units of cloth and that France consumes _____ units of wineand _____ units of cloth.
150; 0; 100; 50
150; 0; 50; 50
150; 100; 100; 100
0; 100; 50; 50
