Table 3-24 Assume That England and Spain Can Switch Between Producing Cheese

question 56

Multiple Choice

Table 3-24
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
​ ​
-Refer to Table 3-24. The opportunity cost of 1 unit of bread for England is

• A)1/4 unit of cheese.
• B)1/4 hour of labor.
• C)4 units of cheese.
• D)4 hours of labor.

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Definitions:

Layer Cake

A metaphor often used in political science to describe a clear-cut division of responsibilities and powers among different levels of government, similar to the distinct layers in a layer cake.

Fruit Cake

A dense cake made with chopped candied fruit, nuts, spices, and sometimes soaked in spirits, often served during the holiday season.

Political Ideologies

Sets of beliefs and values that provide a framework for political, economic, and social policies.

Liberals

Individuals or political parties advocating for policies that emphasize individual freedoms, social justice, and progressive reform.