The terms of trade for a specific good will lie between the respective:

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The terms of trade for a specific good will be determined by the opportunity costs of each country. Opportunity cost refers to the value of the next best alternative that must be given up to produce a certain good. If one country has a lower opportunity cost for producing a specific good, they will have a comparative advantage in that good and will have a lower cost of producing it. This will result in a lower price for the good in the international market, resulting in a more favorable exchange ratio for the country. Therefore, the terms of trade will be determined by the comparative advantage and opportunity costs of each country.

The Terms of Trade for a Specific Good Will Lie