Multiple Choice
Use the accompanying table to answer the following questions.
Table 3-4
-Refer to Table 3-4. If England and Spain specialise and trade according to their respective comparative advantages:
A) all individuals in both countries will benefit
B) Spain will specialise 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
Correct Answer:

Verified
Correct Answer:
Verified
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