Refer to the information provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1
-Refer to Table 20.1. For both countries to benefit from trade, the terms of trade must be between ________ bushel(s) of oranges to bushel(s) of bananas.
A) 1:1/2 and 1:4
B) 2:3 and 2:1
C) 1:1 and 1:1/2
D) 1:1 and 1:2.
Correct Answer:
Verified
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