Refer to Table 2-20. Thailand has a comparative advantage in the production of
A) wristwatches. B) rice. C) both products. D) neither product.
Question 2
Refer to Table 9-12. All of the following are terms of trade that could possibly benefit both countries except
A) 1 belt : 1.75 swords. B) 1 belt : 1.25 swords.
C) 1 belt : 1.33 swords. D) 1 belt : 2.25 swords.