Question
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 40 hours | |||
---|---|---|---|---|
Cheese | Bread | Cheese | Bread | |
England | 1 | 4 | 40 | 10 |
Spain | 4 | 8 | 10 | 5 |
Refer to Table 2.
England should specialize in the production of:
A. Cheese and Spain should specialize in the production of bread.
B. Bread and Spain should specialize in the production of cheese.
C. Both goods and Spain should specialize in the production of neither good.
D. Neither good and Spain should specialize in the production of both goods.
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Calculus For Scientists And Engineers Early Transcendentals
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