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

question 127

Multiple Choice

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

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Definitions:

Chi-squared Distribution

A statistical distribution that describes the distribution of the sum of the squares of a set of variables that follow a normal distribution, commonly used in hypothesis testing.

Positively Skewed

A distribution shape where the tail is longer on the right side, indicating that the mean and median are greater than the mode.

Chi-squared Distribution

A probability distribution that describes the distribution of the sum of the squares of variables that are independently distributed according to a standard normal distribution.

Degrees of Freedom

The number of independent values or quantities that can vary in an analysis without violating any constraints.