Multiple Choice
Use the following to answer questions :
Figure 18-1
-Which of the following could emerge as the ratio of the price of food to the price of clothing if trade were opened between the U.S.and Europe as depicted in Figure 18-1?
A) 0.4.
B) 0.7.
C) 1.0.
D) 1.2.
E) 3.0.
Correct Answer:

Verified
Correct Answer:
Verified
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