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Multiple Choices
(Choose 1 answer)
(17752) Refer to Table 3-5.
Spain should export
A. bread and import cheese.
B. cheese and import bread.
C. neither good and import both goods.
D. both goods and import neither good.
Table 3-5
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 Bread
1
4
4
8
England Spain
Cheese
40
10
Bread
10
5
Number of Units Produced in 40 Hours
