Multiple Choice
Use the accompanying table to answer the following questions.
Table 3-4
-According to Table 3-4:
A) England has an absolute advantage in bread, and Spain has a comparative advantage in cheese
B) England has an absolute advantage in bread, and Spain has a comparative advantage in neither goods
C) England has an absolute advantage in cheese, and Spain has a comparative advantage in both goods
D) England has an absolute advantage in both goods, and Spain has a comparative advantage in cheese
Correct Answer:
Verified
Correct Answer:
Verified
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