Table 3-2 Assume That Aruba and Iceland Can Switch Between Producing Coolers

Multiple Choice

Table 3-2
Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.

-Refer to Table 3-2.At which of the following prices would both Aruba and Iceland gain from trade with each other?

A) 2 radios for 4 coolers
B) 2 radio for 6 coolers
C) 2 radio for 10 coolers
D) Aruba and Iceland could not both gain from trade with each other at any price.