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