Multiple Choice
Table 3-3
Assume that Indonesia and India can switch between producing rice and bananas at a constant rate.
-Refer to Table 3-3.At which of the following prices,if any,can India and Indonesia both gain from trade?
A) 1/5 units of bananas per unit of rice.
B) 1/3 units of bananas per unit of rice.
C) 3/5 units of bananas per unit of rice.
D) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: When an economist points out that you
Q23: Unless two people who are producing two
Q45: Suppose that a worker in Radioland can
Q80: Suppose the US and Mexico both produce
Q97: Suppose Susan can wash three windows per
Q103: Suppose that a worker in Radioland can
Q215: Table 3-4<br>Assume that the farmer and the
Q311: Table 3-7<br>Assume that Japan and Korea can
Q353: Table 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4799/.jpg" alt="Table 3-4
Q416: Both Bill and Mary produce t-shirts and