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.Aruba and Iceland would not be able to gain from trade if Iceland's opportunity cost of one radio changed to
A) 0 coolers.
B) 0.25 coolers.
C) 2.5 coolers.
D) Aruba and Iceland can always gain from trade regardless of their opportunity costs.
Correct Answer:

Verified
Correct Answer:
Verified
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