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Author Question: Refer to the table above. In autarky the relative price of X (in terms of Y) in A would be A) ... (Read 41 times)

jlmhmf

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  • Posts: 552
on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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