Multiple Choice
Table 3-8
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
-Refer to Table 3-8. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for Spain. If we were to do this, measuring cheese along the horizontal axis, then
A) the slope of England's production possibilities frontier would be -0.67 and the slope of Spain's production possibilities frontier would be -0.5.
B) the slope of England's production possibilities frontier would be -1.5 and the slope of Spain's production possibilities frontier would be -2.
C) the slope of England's production possibilities frontier would be -.75 and the slope of Spain's production possibilities frontier would be -1.
D) the slope of England's production possibilities frontier would be -2 and the slope of Spain's production possibilities frontier would be -.5.
Correct Answer:

Verified
Correct Answer:
Verified
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