Sunday
May 24, 2015

Homework Help: Economics

Posted by Anonymous on Monday, February 7, 2011 at 9:04pm.

ARBOC ARBEZ
WHEAT COFFEE WHEAT COFFEE
120 0 120 0
0 30 0 20

8. The terms of trade are 2 units of wheat per unit of coffee,
Arboc should produce which good?
Arbez should produce which good?
9. The terms of trade are 5 units of wheat per unit of coffee,
Arboc should produce which good?
Arbez should produce which good?
10. The terms of trade are 6 units of wheat per unit of coffee. Which country could not gain from trade?

can anybody just tell how we are suppose to do them thankyou..

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Members