Answer (Choose 1 answer)
(17751) Refer to Table 3-5. England has a comparative advantage in the production of
Table 3-5
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
A. neither good and Spain has a comparative advantage in the production of both goods.
Labor Hours Needed to Make 1 Unit of Cheese Bread
4
8
4
Number of Units Produced in 40 Hours Cheese Bread
40
10
10
5
B. cheese and Spain has a comparative advantage in the production of bread.
England
Spain
C. both goods and Spain has a comparative advantage in the production of neither good.
D. bread and Spain has a comparative advantage in the production of cheese.
mantot ni
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