Multiple Choice
Table 3-24
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
-Refer to Table 3-24. England has a comparative advantage in the production of
A) cheese and Spain has a comparative advantage in the production of bread.
B) bread and Spain has a comparative advantage in the production of cheese.
C) both goods and Spain has a comparative advantage in the production of neither good.
D) neither good and Spain has a comparative advantage in the production of both goods.
Correct Answer:
Verified
Correct Answer:
Verified
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