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Hi, I hope that you can help me with this question. Thank you in advance! According to comparative advantages, what would be a terms of
Hi, I hope that you can help me with this question. Thank you in advance!
According to comparative advantages, what would be a terms of trade that both countries could accept?
Production per day | Airplanes | Trains |
Land A | 8 | 4 |
Land B | 6 | 2 |
A.) 1 airplane = 4/10 train
B.) 1 airplane = 2.5 train
C.) 1 airplane = 1/4 train
D.) 1 train = 3.5 train
E.) 1 airplane = 2/3 train
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