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Author Question: If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both ... (Read 48 times)

lak

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on: Apr 19, 2019

Question 1

The ratio at which a country can exchange domestic products for imported products is called the terms of trade.


◦ true
◦ false

Question 2

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both countries would benefit from trade if the actual terms of trade between corn and wheat were 4:1.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by lak on Apr 19, 2019

SamMuagrove

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lak

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

recede

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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