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

question 329

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 Spain is

• A)1/2 unit of cheese.
• B)1/2 hour of labor.
• C)2 units of cheese.
• D)8 hours of labor.

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