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Figure 1 an Example of China-U

Question 98

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Figure 1. An Example of China-U.S. Trade Possibilities Figure 1. An Example of China-U.S. Trade Possibilities -Considering Figure 1, what are the terms of trade represented? A) The terms of trade are 1½ aircraft per textile. B) The terms of trade are 1½ textiles per aircraft. C) The terms of trade are 1 textile per aircraft. D) The terms of trade are 2/3 textile per aircraft.
-Considering Figure 1, what are the terms of trade represented?


A) The terms of trade are 1½ aircraft per textile.
B) The terms of trade are 1½ textiles per aircraft.
C) The terms of trade are 1 textile per aircraft.
D) The terms of trade are 2/3 textile per aircraft.

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