Question
Coconuts Machetes Danoli 300 50 Herapi 100 25 You are the newly elected trade minister for the country of Danoli and have been task with
| Coconuts | Machetes | |
| Danoli | 300 | 50 |
| Herapi | 100 | 25 |
You are the newly elected trade minister for the country of Danoli and have been task with developing trade with the people of Herapi. Your biggest challenge is convincing the leaders of your country to engage in trade.
How can each country gain from trade? What are the numbers? I know danoli is is a 6:1 ratio and Herapi is a 4:1 ratio
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
