Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate. Labor Hours Needed to Make 1 Unit Number of Units Produced in 24 of Hours Cheese Bread Cheese Bread England Spain 2 12 8 6. 8 4. efer to Table 3-5. Which of the following combinations of cheese and bread could Spain produce in 24 hours? D a. 4 units of cheese and 3 units of bread Ob. 3 units of cheese and 3 units of bread Oc.7 units of cheese and 1.5 units of bread O d. 6 units of cheese and 1 units of bread

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The theory of absolute advantage was given by Adam Smith in the year 1776.