Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: SAVANNAHHOOPER23 on Jul 21, 2019
-
Daily Output of Russia and Panama
| Russia | Panama |
Gloves | 40 | 240 |
Hats | 120 | 180 |
Table 18.1
Refer to Table 18.1. Mutually beneficial terms of trade between Russia and Panama are:
◦ 1 hat for 1 glove.
◦ 1 hat for 2 gloves.
◦ 5 gloves for 3 hats.
◦ 1 glove for 6 hats.
-
1 hat for 1 glove.