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Suppose that the comparative-cost ratios

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solution


Question

Suppose that the comparative-cost ratios of the two products- baby formula and tuna fish- are as follows in the hypothetical nations of Canswicki and Tunata: (2 Points);Canswicki: 1 bay formula = 2 cans tuna fish;Tunata: 1 baby formula = 4 cans tuna fish;Explain why term of trade of 1 bay formula = 2.5 can tuna fish would be acceptable to both nations

 

Paper#31032 | Written in 18-Jul-2015

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