Table 3-5 Assume That England and Spain Can Switch Between Producing Cheese

question 102

Multiple Choice

Table 3-5
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.

-Refer to Table 3-5.The opportunity cost of 1 unit of bread for Spain is

• A) 1/2 unit of cheese.
• B) 1/2 hour of labor.
• C) 2 units of cheese.
• D) 8 hours of labor.

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