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Table 3-5 Assume That England and Spain Can Switch Between Producing Cheese

Question 273

Multiple Choice

Table 3-5
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
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 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.
-Refer to Table 3-5.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.

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