Table 3-6 -Refer to Table 3-6. If England and Spain Specialize and and Spain

Multiple Choice

Table 3-6

-Refer to Table 3-6. If England and Spain specialize and trade according to their respective comparative advantage, which of the following is correct?

A) All individuals in both countries will benefit.
B) Spain will specialize in and export bread.
C) England will produce more bread than in the absence of trade.
D) England will produce more cheese than in the absence of trade.