Table 1 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate. England Spain Labor Hours Needed to Make 1 Unit of Bread Cheese 1 4 4 8 Number of Units Produced in 40 Hours Cheese 40 10 Bread 10 5 Refer to Table 1. England should specialize in the production of Select one: O a. both goods and Spain should specialize in the production of neither good. O b. neither good and Spain should specialize in the production of both goods. bread and Spain should specialize in the production of cheese. O d. cheese and Spain should specialize in the production of bread.
Table 1 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate. England Spain Labor Hours Needed to Make 1 Unit of Bread Cheese 1 4 4 8 Number of Units Produced in 40 Hours Cheese 40 10 Bread 10 5 Refer to Table 1. England should specialize in the production of Select one: O a. both goods and Spain should specialize in the production of neither good. O b. neither good and Spain should specialize in the production of both goods. bread and Spain should specialize in the production of cheese. O d. cheese and Spain should specialize in the production of bread.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Table 1
Assume that England and Spain can switch between producing cheese and producing bread
at a constant rate.
England
Spain
Labor Hours Needed
to Make 1 Unit of
Bread
Cheese
1
4
4
8
Number of Units
Produced in 40 Hours
Cheese
40
10
Bread
10
5
Refer to Table 1. England should specialize in the production of
Select one:
O a. both goods and Spain should specialize in the production of neither good.
O b. neither good and Spain should specialize in the production of both goods.
bread and Spain should specialize in the production of cheese.
O d. cheese and Spain should specialize in the production of bread.
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