Question
2. If US and Vietnam were to trade, the relative price of wheat a) Can be 2 yards of clothing b) Must be between 5/8
2. If US and Vietnam were to trade, the relative price of wheat a) Can be 2 yards of clothing b) Must be between 5/8 and 1.5 yards of clothing c) Mustbebetween2/3and1.6yardsofclothing d) Can be 12 yards of clothing.
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
