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.