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 bread for Spain is
A) 1/2 unit of cheese.
B) 1/2 hour of labor.
C) 2 units of cheese.
D) 8 hours of labor.
Correct Answer:

Verified
Correct Answer:
Verified
Q97: Table 3-2<br>Assume that Aruba and Iceland can
Q98: Table 3-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Table 3-12
Q99: Table 3-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Table 3-12
Q100: Table 3-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Table 3-12
Q103: Table 3-6<br>Assume that Maya and Miguel can
Q104: Table 3-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Table 3-12
Q105: Figure 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 3-6
Q106: Figure 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 3-5
Q113: If one producer has the absolute advantage
Q153: Opportunity cost refers to how many inputs