Multiple Choice
Table 3-24
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
-Refer to Table 3-24. The opportunity cost of 1 unit of bread for England is
A) 1/4 unit of cheese.
B) 1/4 hour of labor.
C) 4 units of cheese.
D) 4 hours of labor.
Correct Answer:

Verified
Correct Answer:
Verified
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