Multiple Choice
Use the production possibilities data below for Austria and Italy to answer the following question(s) .
Table 2-1
-Refer to Table 2-1. Which of the following would be a mutually agreeable rate of exchange?
A) 1 Food = 1 Clothing
B) 1 Food = 2 Clothing
C) 1 Food = 3 Clothing
D) No exchange rate would be mutually agreeable.
Correct Answer:

Verified
Correct Answer:
Verified
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