Exhibit 15.1

At the Plaza Accord of 1985, the Group-of-Five nations agreed to drive the value of the dollar downward (i.e., depreciation) so as to help reduce the U.S. trade deficit. Answer the following question(s) on the basis of this information.
-In Figure 2.3, the marginal rate of transformation of autos into wheat is
A) one and two-thirds.
B) two and one-third.
C) three fifths.
D) three sevenths.

Question

Exhibit 15.1

At the Plaza Accord of 1985, the Group-of-Five nations agreed to drive the value of the dollar downward (i.e., depreciation) so as to help reduce the U.S. trade deficit. Answer the following question(s) on the basis of this information.
-In Figure 2.3, the marginal rate of transformation of autos into wheat is
A) one and two-thirds.
B) two and one-third.
C) three fifths.
D) three sevenths.

Quizplus · Accepted Answer

The Answer of Exhibit 15.1

At the Plaza Accord of 1985, the Group-of-Five nations agreed to drive the value of the dollar downward (i.e., depreciation) so as to help reduce the U.S. trade deficit. Answer the following question(s) on the basis of this information.
-In Figure 2.3, the marginal rate of transformation of autos into wheat is
A) one and two-thirds.
B) two and one-third.
C) three fifths.
D) three sevenths.

Exhibit 15.1 At the Plaza Accord of 1985, the Group-Of-Five Nations Agreed