Use the Accompanying Table to Answer the Following Questions

question 36

Multiple Choice

Use the accompanying table to answer the following questions.
Table 3-4

-According to Table 3-4:

• A) England has an absolute advantage in bread, and Spain has a comparative advantage in cheese
• B) England has an absolute advantage in bread, and Spain has a comparative advantage in neither goods
• C) England has an absolute advantage in cheese, and Spain has a comparative advantage in both goods
• D) England has an absolute advantage in both goods, and Spain has a comparative advantage in cheese

---

Definitions:

Primary Data

Information that is collected directly by the researcher or organization for a specific research purpose or project.

Situational Analysis

The evaluation of an organization's current situation and external environment to identify strengths, weaknesses, opportunities, and threats.

Marketing Plan

A comprehensive document that outlines a company's overall marketing efforts, strategies, and tactics over a specified period.

Qualitative Research

Research that collects non-numerical data to understand concepts, opinions, or experiences through methods like interviews or observations.