Author Question: Refer to the table above. In autarky the relative price of X (in terms of Y) in A would be A) ... (Read 70 times)

jlmhmf

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Refer to the table above. In autarky the relative price of X (in terms of Y) in A would be
 
  A) 3/4.
  B) 4/3.
  C) 3/9.
  D) 3.

Question 2

For a country in autarky, the opportunity cost of the good on the horizontal axis is the same as
 
  A) the relative price of the good on the vertical axis.
  B) the relative price of the good on the horizontal axis.
  C) the opportunity cost of the good on the vertical axis.
  D) Both A and C.
  E) None of the above.



kusterl

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Answer to Question 1

A

Answer to Question 2

B



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