Table 3-4 -According to Table 3-4, England and Spain Could Benefit by unit

question 109

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, England and Spain could benefit by specialising in _____ respectively:

• A)bread and cheese
• B)cheese and bread
• C)both goods and neither goods
• D)neither goods and both goods

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Definitions:

Independent Samples

Refers to two or more groups of samples that are selected from different populations, and each selection does not affect the other selections.

Automobile Insurance Appraisers

Professionals who assess the damage to vehicles involved in accidents to determine repair costs and liability for insurance claims.

Assessments

The evaluation or estimation of the nature, ability, or quality of something.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted as alpha.