Discussion Post
• Spain can produce 125 barrels of wine or 250 bottles of olive oil per day. Italy can produce 240 barrels of wine or 300 bottles of olive oil per day.
o Who has the absolute advantage in producing wine? Who has the absolute advantage in producing olive oil?
o What is Spain's opportunity cost of producing one barrel of wine? What is Spain's opportunity cost of producing one bottle of olive oil?
o What is Italy's opportunity cost of producing one barrel of wine? What is Italy's opportunity cost of producing one bottle of olive oil?
o Who has the comparative advantage in producing wine? Who has the comparative advantage in producing olive oil?
• A person invest $10,000 into an account that earns 6% in interest over 20 years.
• How much will this person make if the account earns simple interest?
• How much will this person make if the account earns compound interest?
• Do you think super PACs benefit society or make things worse? Explain.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.