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

question 207

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. 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.

---

Definitions:

Extrinsic Motivation

A type of motivation driven by external rewards, such as money, fame, grades, and praise, rather than internal factors like personal satisfaction or enjoyment of the task.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy.

Relational Concern

Relational Concern is the attention and consideration given to managing and nurturing relationships, emphasizing the importance of interpersonal connections and communication.

Power

The ability or capacity to direct or influence the behavior of others or the course of events.