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Refer to the Above Diagrams

Question 25

Multiple Choice

Refer to the above diagrams.Which of the following is a feasible rate at which X and Y might be exchanged? A) 1X for 3Y B) 1X for 1.5Y C) 1X for 2.5Y D) 1X for .5Y Italy can specialize by making 50 units of product X and Greece can specialize by making 60 units of product Y.This is a ratio of 1X to 1.2Y.Therefore,a feasible rate to exchange X and Y is 1X for 1.5Y. Refer to the above diagrams.Which of the following is a feasible rate at which X and Y might be exchanged?


A) 1X for 3Y
B) 1X for 1.5Y
C) 1X for 2.5Y
D) 1X for .5Y
Italy can specialize by making 50 units of product X and Greece can specialize by making 60 units of product Y.This is a ratio of 1X to 1.2Y.Therefore,a feasible rate to exchange X and Y is 1X for 1.5Y.

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