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Other Fields Homework Help Economics Topic started by: lmalma on Apr 29, 2019



Title: If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, only France ...
Post by: lmalma on Apr 29, 2019

Question 1.

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both countries would benefit from trade if the actual terms of trade between corn and wheat were 4:1.



▸ true

▸ false

Question 2.

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, only France would benefit from trade if the actual terms of trade between corn and wheat were 7:1.



▸ true

▸ false


Title: If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, only France ...
Post by: osvaldoguzman on Apr 29, 2019
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Title: If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, only France ...
Post by: lmalma on Apr 29, 2019
Thank you for answering so quickly