Microeconomics 19th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

تمرين 1

Assume that the comparative-cost ratios of two products- baby formula and tuna fish-are as follows in the nations of Canswicki and Tunata:
Canswicki: 1 can baby formula ?2 cans tuna fish
Tunata: 1 can baby formui ?4 cans tuna fish
In what product should each nation specialize? Which of the following terms of trade would be acceptable to both nations: ( a ) 1 can baby formula ?
cans tuna fish; ( b ) 1 can baby formula ? 1 can tuna fish; ( c ) I can baby formula ?5 cans tuna fish?