Multiple Choice
Table 3-5
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
-Refer to Table 3-5.The opportunity cost of 1 unit of cheese for Spain is
A) 1/2 unit of bread.
B) 2 hours of labor.
C) 2 units of bread.
D) 4 hours of labor.
Correct Answer:

Verified
Correct Answer:
Verified
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