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

question 405

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.Without trade,England produced and consumed 32 units of cheese and 2 units of bread and Spain produced and consumed 6 units of cheese and 2 units of bread.Then,each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 7 units of cheese for 2.5 units of bread.As a result,England gained

• A) 0 units of cheese and 0.5 unit of bread and Spain gained 1 unit of cheese and 0.5 unit of bread.
• B) 1 unit of cheese and 0.5 unit of bread and Spain gained 1 unit of cheese and 0.5 unit of bread.
• C) 7 units of cheese and 2.5 units of bread and Spain gained 7 units of cheese and 2.5 units of bread.
• D) 33 units of cheese and 2.5 units of bread and Spain gained 7 units of cheese and 2.5 units of bread.

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Definitions:

Cultural Biases

Preconceived opinions or attitudes that favor one's own culture over others, often leading to misunderstanding or prejudice.

Intercultural Communication

The process of exchanging meaningful information across different cultures and social groups, understanding and respecting diversity.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of other cultures.

Ethnic Gloss

A generalized or simplified term or expression that groups together people from diverse backgrounds under a single label, often overlooking significant differences.