Multiple Choice
Assume Belgium can produce 5 units of good X or 2 units of good Y.Germany can produce 4 units of good X or 3 units of good Y.What would be the terms of trade between Belgium and Germany for 1 unit of good Y?
A) Between 4 and 5 units of X.
B) Between 4/3 and 5/2 units of X.
C) Between 4/3 and 5 units of X.
D) Between 5/2 and 4 units of X.
Correct Answer:
Verified
Correct Answer:
Verified
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