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Table 3-34 Assume That Indonesia and India Can Switch Between Producing Rice

Question 451

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Table 3-34
Assume that Indonesia and India can switch between producing rice and bananas at a constant rate.
Table 3-34 Assume that Indonesia and India can switch between producing rice and bananas at a constant rate. ​   -Refer to Table 3-34. 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.
-Refer to Table 3-34. 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.

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