True/False
based on the following information. Suppose a worker in Canada can produce either 100 skateboards or 200 jars of peanut butter per day. A worker in Guatemala can produce 200 skateboards or 600 jars of peanut butter per day.
-The cost of skateboards in terms of peanut butter in Canada is 1SB=2PB.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: The terms of trade between any two
Q25: Consider the data in the following table.<br>
Q26: International trade allows a country to consume
Q27: If a country is subject to increasing
Q28: based on the following information. Suppose a
Q30: If the U.S. export price index is
Q31: based on the following information. Suppose a
Q32: The terms of trade (TOT) are:<br>A) P<sub>m</sub>
Q33: A rough indication of a country's terms
Q34: The limits to mutually beneficial trade are