Author Question: Refer to Table 2-20. If the two countries specialize and trade, who should export rice? A) They ... (Read 31 times)

123654777 · **on:** Jun 29, 2018

Refer to Table 2-20. If the two countries specialize and trade, who should export rice?

A) They should both be exporting rice.
B) Thailand
C) Japan
D) There is no basis for trade between the two countries.

Question 2

Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia consume?

A) 50 B) 70 C) 90 D) 120