Multiple Choice
-In Table 55a, if the trading price of goods is based on labor input, what is the relative price of 1 pound of cheese in Canada?
A) 1 pound = 1.33 loaves of bread
B) 1 pound = 6 loaves of bread
C) 1 pound = 0.75 loaves of bread
D) 1 pound = $6.00
Correct Answer:
Verified
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