s page Table 3-8 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 Cheese 2 3 Bread 3 6 Number of Units Produced in 24 Hours Cheese Bread 12 8 S 4 Refer to Table 3-8. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for Spain. If we were to do this, measuring bread along the horizontal axis, then a. the slope of England's production possibilities frontier would be -2 and the slope of Spain's production possibilities frontier would be -5. b. the slope of England's production possibilities frontier would be -.75 and the slope of Spain's production possibilities frontier would be -1. c. the slope of England's production possibilities frontier would be -0.67 and the slope of Spain's production possibilities frontier would be-0.5. O d. the slope of England's production possibilities frontier would be -1.5 and the slope of Spain's production possibilities frontier would be -2 O Q Tim kiem Next page
s page Table 3-8 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 Cheese 2 3 Bread 3 6 Number of Units Produced in 24 Hours Cheese Bread 12 8 S 4 Refer to Table 3-8. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for Spain. If we were to do this, measuring bread along the horizontal axis, then a. the slope of England's production possibilities frontier would be -2 and the slope of Spain's production possibilities frontier would be -5. b. the slope of England's production possibilities frontier would be -.75 and the slope of Spain's production possibilities frontier would be -1. c. the slope of England's production possibilities frontier would be -0.67 and the slope of Spain's production possibilities frontier would be-0.5. O d. the slope of England's production possibilities frontier would be -1.5 and the slope of Spain's production possibilities frontier would be -2 O Q Tim kiem Next page
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...
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