Table 3-4
$\begin{array}{|l|c|c|c|c|}\hline&\text { Labour hours needed to make one unit of: }&&\text { Amount Produced in } 40 \text { hours: }\
\hline & \text { Cheese } & \text { Bread } & \text { Cheese } & \text { Bread } \
\hline \text { England } & 3 & 2 & 13.3 & 20 \
\hline \text { Spain } & 1 & 5 & 40 & 8 \
\hline
\end{array}$
-Refer to Table 3-4.If England imports cheese from Spain, who will benefit and who will lose?
A)the producers of bread will lose and the consumers of cheese will benefit
B)the producers of cheese will lose and the consumers of bread will benefit
C)the producers of bread will lose and the consumers of bread will benefit
D)the producers of cheese will lose and the consumers of cheese will benefit

Question

Table 3-4
 $\begin{array}{|l|c|c|c|c|}\hline&\text { Labour hours needed to make one unit of: }&&\text { Amount Produced in } 40 \text { hours: }\
\hline & \text { Cheese } & \text { Bread } & \text { Cheese } & \text { Bread } \
\hline \text { England } & 3 & 2 & 13.3 & 20 \
\hline \text { Spain } & 1 & 5 & 40 & 8 \
\hline
\end{array}$
-Refer to Table 3-4.If England imports cheese from Spain, who will benefit and who will lose?
A)the producers of bread will lose and the consumers of cheese will benefit
B)the producers of cheese will lose and the consumers of bread will benefit
C)the producers of bread will lose and the consumers of bread will benefit
D)the producers of cheese will lose and the consumers of cheese will benefit

Quizplus · Accepted Answer

The producers of cheese in Spain will benefit from the increase in demand for their product from England. However, the producers of cheese in England may lose out as they may face competition from cheaper imports. On the other hand, the consumers of cheese in England will benefit from having access to a wider variety of cheeses at potentially lower prices. There is no mention of bread in the question or table, so choices A and C can be eliminated.

Table 3-4 -Refer to Table 3-4