Multiple Choice
based on the following information. A worker in the U.S. can produce either 10 chips or 20 sodas per day. A worker in Mexico can produce either 20 chips or 60 sodas per day.
-Which of the following would be the best ratio for Mexico in terms of the gains from trade?
A) 1C = 2.1S
B) 1C = 2.3S
C) 1C = 2.5S
D) 1C = 2.7S
E) 1C = 3S
Correct Answer:
Verified
Correct Answer:
Verified
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