Homework Answers
England can produce either a maximum of 12 cheese or 8 bread.
England's PPF is drawn below.
Since Cheese is measuring along the horizontal axis (i.e., x-axis) bread is measuring along the vertical axis (i.e., y - axis)
Slope of PPF = Change in good produced measure on Y axis / Change in good produced measure on X- axis.
Slope of PPF = (0-8) / (12-0)
Slope of PPF = -0.67
Slope of England's Production Possibilities Frontier would be -0.67.
Spain can produce either a maximum of 8 cheese or 4 bread.
Spain's PPF is drawn below.
Since Cheese is measuring along the horizontal axis (i.e., x-axis) bread is measuring along the vertical axis (i.e., y - axis)
Slope of PPF = Change in good produced measure on Y axis / Change in good produced measure on X- axis.
Slope of PPF = (0-4) / (8-0)
Slope of PPF = -0.5
Slope of Spain's Production Possibilities Frontier would be -0.5
Answer: Option (A)
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