Question
Use the table below to specify when is trade beneficial for both countries. Japan Vietnam Number of iPad produced per hour 10 5 Number of
Use the table below to specify when is trade beneficial for both countries.
Japan Vietnam
Number of iPad produced per hour 10 5
Number of TVs produced per hour 50 10
Select one:
a. Trade is beneficial if the no trade relative price of one TVs in terms of iPad lies between 0.1 and 0.5.
b. Trade is beneficial if the no trade relative price of one TV in terms of iPad lies between 2 and 5.
c. Trade is beneficial if the no trade relative price of one iPad in terms of TVs lies between 0.1 and 0.5.
d. Trade is beneficial if the no trade relative price of one iPad in terms of TVs lies between 2 and 5.
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