Question: Labour hours needed to make one unit: Amount produced in 40 hours: Cheese Bread Cheese Bread England 1 2 40 20 Spain 2 8 20

Labour hours needed to make one unit: Amount produced in 40 hours:
Cheese Bread Cheese Bread
England 1 2 40 20
Spain 2 8 20 5

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?

Select one:

a. consumers who like cheese

b. owners of milk-producing companies

c. owners of cheese-producing companies

d. consumers who like bread

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