Multiple Choice
Table 3-4
-Refer to Table 3-4.If England reduced the labour hours needed for it to produce cheese by 2.5 hours, it would:
A) have a comparative advantage over Spain in the production of cheese
B) have an absolute advantage over Spain in the production of both goods
C) have a comparative advantage over Spain in the production of both goods
D) have an absolute advantage over Spain in the production of cheese but not in the production of bread
Correct Answer:
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