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Assume that England and Spain can switch between producing cheese and producing bread at a constant rate. Labor Hours Needed to Make 1 Unit of
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate. Labor Hours Needed to Make 1 Unit of Number of Units Produced in 24 Hours Cheese Bread Cheese Bread England 2 3 12 8 Spain 3 6 8 4. Refer to Table 2. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for Spain. If we were to do this, measuring cheese along the horizontal axis, then Group of answer choices the slope of England's production possibilities frontier would be 0.67 and the slope of Spain's production possibilities frontier would be -0.5. the slope of England's production possibilities frontier would be 1.5 and the slope of Spain's production possibilities frontier would be -2. the slope of England's production possibilities frontier would be .75 and the slope of Spain's production possibilities frontier would be -1. the slope of England's production possibilities frontier would be 2 and the slope of Spain's production possibilities frontier would be -.5
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