Multiple Choice
Table 3-21
Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day.
-Refer to Table 3-21. At which of the following prices would both Jamaica and Norway gain from trade with each other?
A) 1 radio for 1 cooler
B) 1 radio for 4 coolers
C) 1 radio for 10 coolers
D) Jamaica and Norway would both gain from trade at all of the above prices.
Correct Answer:

Verified
Correct Answer:
Verified
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