This Table Shows How Much Wine and Cheese Can Each

Multiple Choice

This table shows how much wine and cheese can each be produced in Spain and Portugal with one unit of equivalent resources.Initially there is no trade.Once trade opens up,transportation costs are assumed to be zero. TABLE 32-5 Refer to Table 32-5.The opportunity cost of cheese in terms of wine is

A) 1/4 in Spain.
B) 4 in Spain.
C) 2 in each country.
D) 3/2 in Portugal.
E) 3 in Portugal.