Table 3-4 -According to Table 3-4:
A)England Has an Absolute Advantage in unit

question 124

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 an absolute advantage in bread, and Spain has an absolute advantage in cheese
• B)England has an absolute advantage in cheese, and Spain has an absolute advantage in bread
• C)England has an absolute advantage in both goods, and Spain has an absolute advantage in neither goods
• D)Neither England nor Spain has an absolute advantage

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Definitions:

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