Table 3-6

-Refer to Table 3-5.If England and Spain specialize and trade according to their respective comparative advantage,who gains in the short run in England?
A)owners of cheese-producing companies
B)owners of milk-producing companies
C)consumers who like cheese
D)consumers who like bread

Question

Table 3-6
 
-Refer to Table 3-5.If England and Spain specialize and trade according to their respective comparative advantage,who gains in the short run in England?
A)owners of cheese-producing companies 
B)owners of milk-producing companies 
C)consumers who like cheese 
D)consumers who like bread

Quizplus · Accepted Answer

Consumers who like cheese gain in the short run in England because they can now buy cheese at a lower price than they could if England did not specialize and trade.

Table 3-6 -Refer to Table 3-5.If England and Spain Specialize and Trade