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. England should specialize in the production of
A) cheese and Spain should specialize in the production of bread.
B) bread and Spain should specialize in the production of cheese.
C) both goods and Spain should specialize in the production of neither good.
D) neither good and Spain should specialize in the production of both goods.
Correct Answer:
Verified
Correct Answer:
Verified
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