Multiple Choice
Suppose that trade occurs. Each country completely specializes and 500 kegs of beer are traded for 500 bottles of whiskey. What is the international price of beer?
A) 1 bottle of whiskey = 1 keg of beer
B) 3 bottles of whiskey = 1 keg of beer
C) 2/3 bottle of whiskey = 1 keg of beer
D) 1 bottle of whiskey = 3 kegs of beer
Correct Answer:

Verified
Correct Answer:
Verified
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