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    Macroeconomics Study Set 20
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    Exam 21: International Finance
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    -Refer to Exhibit 34-6
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-Refer to Exhibit 34-6

Question 93

Question 93

Multiple Choice

  -Refer to Exhibit 34-6.Which of the following terms of trade would both countries agree on? A)  1 unit of wine = 2.5 units of cheese B)  1 unit of wine = 1.5 units of cheese C)  2.5 units of wine = 1 unit of cheese D)  1.5 units of wine = 1 unit of cheese E)  none of the above
-Refer to Exhibit 34-6.Which of the following terms of trade would both countries agree on?


A) 1 unit of wine = 2.5 units of cheese
B) 1 unit of wine = 1.5 units of cheese
C) 2.5 units of wine = 1 unit of cheese
D) 1.5 units of wine = 1 unit of cheese
E) none of the above

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