Question: Use the following table to answer the question below. The terms of trade for 1 pound of green beans must lie between _ and _

Use the following table to answer the question below.

Giovanni's Production Possibilities Schedule Pounds of Green Beans 0 40 80 120

The terms of trade for 1 pound of green beans must lie between _____ and _____ pounds of corn.

a. 1, 6

b. 1/4, 1

c. 1, 4

d. 1/4, 1

Giovanni's Production Possibilities Schedule Pounds of Green Beans 0 40 80 120 160 Pounds of Corn 160 120 80 40 Jorge's Production Possibilities Schedule Pounds of Green Beans 0 20 40 60 80 Pounds of Corn 320 240 160 80

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