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4. Suppose that the opportunity-cost ratio for watches and cheese is 1:: 51W in Switzerland but 1:? 54W in Japan. At which of the following

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4. Suppose that the opportunity-cost ratio for watches and cheese is 1:\": 51W in Switzerland but 1:? 54W in Japan. At which of the following international exchange ratios {terms of trade] will Switzerland and Japan be willing to specialize and engage in trade with each other. Select one or more answers from the choices shown. a. 1C= aw: b. it = U2 w. c. it\" = 5W: d.!-C=1WE e_2t'_'=1w2

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