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

question 291

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.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 cheese along the horizontal axis,then

• A) the slope of England's production possibilities frontier would be -4 and the slope of Spain's production possibilities frontier would be -2.
• B) the slope of England's production possibilities frontier would be -0.25 and the slope of Spain's production possibilities frontier would be -0.5.
• C) the slope of England's production possibilities frontier would be 0.25 and the slope of Spain's production possibilities frontier would be 0.5.
• D) the slope of England's production possibilities frontier would be 4 and the slope of Spain's production possibilities frontier would be 2.

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Definitions:

Increase Efficiency

The process of improving the effectiveness and productivity of operations, often by optimizing resources and reducing waste.

Chemistry

The science that deals with the properties, composition, and structure of substances, the transformations they undergo, and the energy released or absorbed during these processes.

Less-Developed Countries

Countries with low levels of industrialization, underdeveloped agricultural sectors, and lower standards of living and Human Development Index (HDI) scores compared to more developed countries.

Waste Resources

Materials that are not productively used and are discarded or are considered to be of no economic value.