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Assume Ireland Can Produce 4 Units of Good X or 2

Question 47

Multiple Choice

Assume Ireland can produce 4 units of good X or 2 units of good Y.France can produce 3 units of good X or 9 units of good Y.What would be the terms of trade between Ireland and France for 1 unit of good X?


A) Between 1/2 and 3 units of Y.
B) Between 1/3 and 1/2 units of Y.
C) Between 4 and 9 units of Y.
D) Between 1/3 and 3 units of Y.

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