Examlex

Solved

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

question 341

Multiple Choice

Table 3-5
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
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.If England and Spain each spends all its time producing the good in which it has a comparative advantage and the countries agree to trade 2 units of bread for 6 units of cheese,then England will consume A)  34 units of cheese and 2 units of bread and Spain will consume 6 units of cheese and 3 units of bread. B)  34 units of cheese and 2 units of bread and Spain will consume 16 units of cheese and 3 units of bread. C)  34 units of cheese and 12 units of bread and Spain will consume 6 units of cheese and 3 units of bread. D)  34 units of cheese and 12 units of bread and Spain will consume 16 units of cheese and 3 units of bread.
-Refer to Table 3-5.If England and Spain each spends all its time producing the good in which it has a comparative advantage and the countries agree to trade 2 units of bread for 6 units of cheese,then England will consume


Definitions:

Unsorted List

A collection of elements that are in no specific order.

Entire List

In programming, it refers to accessing or utilizing all elements in a list data structure.

Selection Sort

Selection sort is a simple sorting algorithm that divides the input list into two parts: the sorted part at the beginning and the unsorted part at the end, then repeatedly selects the smallest or largest element from the unsorted part and moves it to the sorted part.

Selection Sort

A simple, comparison-based sorting algorithm that divides the input list into a sorted and an unsorted region, repeatedly selecting the smallest or largest element from the unsorted region and moving it to the sorted region.

Related Questions