Solved

Table 3-4 -According to Table 3-4:
A)England Has a Comparative Advantage in unit

Question 120

Multiple Choice

Table 3-4
 Labour hours needed to make one unit of:  Amount Produced in 40 hours:  Cheese  Bread  Cheese  Bread  England 3213.320 Spain 15408\begin{array}{|l|c|c|c|c|}\hline&\text { Labour hours needed to make one unit of: }&&\text { Amount Produced in } 40 \text { hours: }\\\hline & \text { Cheese } & \text { Bread } & \text { Cheese } & \text { Bread } \\\hline \text { England } & 3 & 2 & 13.3 & 20 \\\hline \text { Spain } & 1 & 5 & 40 & 8 \\\hline\end{array}
-According to Table 3-4:


A) England has a comparative advantage in bread, and Spain has a comparative advantage in cheese
B) England has a comparative advantage in cheese, and Spain has a comparative advantage in bread
C) England has a comparative advantage in both goods, and Spain has a comparative advantage in neither goods
D) England has a comparative advantage in neither goods, and Spain has a comparative advantage in both goods

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents