Table 3-6 -Refer to Table 3-5.England and Spain Trade According to the Trade

Multiple Choice

Table 3-6

-Refer to Table 3-5.England and Spain trade according to the principle of comparative advantage.If the international price of bread is 2.5 units of cheese for 1 unit of bread,what is the gain from trade to England per unit of bread traded?

A) 0.5 units of cheese
B) 1.5 unit of cheese
C) 2.0 units of cheese
D) 2.5 units of cheese