(44)
(Choose 1 answer)
Table 3-5
(17752) Refer to Table 3-5.Spain should export
A. cheese and import bread.
B. both goods and import neither good.
C. bread and import cheese.
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
Labor Hours Needed to Make 1 Unit of
Cheese
1
4
Bread
4
8
Number of Units Produced in 40 Hours Cheese Bread
40
10
10
5
England
Spain
D. neither good and import both goods.
