Multiple Choice
If Egypt can produce 3 silver candlesticks or 120 small silver cups in an hour and Turkey can produce 4 silver candlesticks or 160 small silver cups in an hour then
A) neither country would gain by trading
B) the terms of trade or 40 silver cups per one silver candlestick and Egypt should only produce silver cups.
C) the terms of trade or 40 silver cups per one silver candlestick and Turkey should only produce silver cups.
D) the terms of trade or 40 silver cups per one silver candlestick and Egypt should only produce candlesticks.
E) the terms of trade or 40 silver cups per one silver candlestick and Turkey should only produce candlesticks.
Correct Answer:

Verified
Correct Answer:
Verified
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