Solved

-Refer to Exhibit 34-1

Question 6

Multiple Choice

-Refer to Exhibit 34-1.Considering the data,which of the following terms of trade would both countries agree to?

A) 1 unit of X for 2 units of Y
B) 1 unit of X for 3 units of Y
C) 1 unit of X for 1 unit of Y
D) 1 unit of X for 1.50 units of Y
E) all of the above

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