Use the accompanying table to answer the following questions:
Table 3-6

-Refer to Table 3-6.England has a comparative advantage in
A)bread and Spain has a comparative advantage in cheese.
B)cheese and Spain has a comparative advantage in bread.
C)both goods and Spain has a comparative advantage in neither good.
D)neither good and Spain has a comparative advantage in both goods.

Question

Use the accompanying table to answer the following questions:
Table 3-6
 
-Refer to Table 3-6.England has a comparative advantage in
A)bread and Spain has a comparative advantage in cheese. 
B)cheese and Spain has a comparative advantage in bread. 
C)both goods and Spain has a comparative advantage in neither good. 
D)neither good and Spain has a comparative advantage in both goods.

Quizplus · Accepted Answer

England has a lower opportunity cost of producing bread than Spain, and Spain has a lower opportunity cost of producing cheese than England.

Use the Accompanying Table to Answer the Following Questions