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Suppose that in a day a worker in the United States can produce 10 bushels of corn or 2 shirts. In Russia a worker can
Suppose that in a day a worker in the United States can produce 10 bushels of corn or 2 shirts. In Russia a worker can produce 9 bushels of corn or 3 shirts in one day. Which terms of trade would benefit both the United States and Russia if trade occurred?
is it 1 shirt for 4 bushels of corn
is it 1 shirt for 6 bushels of corn
is it 1 shirt for 1 bushel of corn
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