Dave gave Candy 10 kilograms of fish and received in exchange 5 litres of wine. The terms of trade for a litre of wine are
A) 10 kilograms of fish.
B) 0.5 litres of wine.
C) 2 kilograms of fish.
D) 5 litres of wine.
E) 7.5 litres of wine.
Correct Answer:
Verified
Q1: The ability to produce a product or
Q2: The terms of trade are
A) the quantity
Q4: It takes Mom 30 minutes to cook
Q5: Mutually beneficial trade is also called
A) a
Q6: In a zero sum game
A) collaboration can
Q7: Mutual gains from voluntary trade require differences
Q8: It takes Mom 30 minutes to cook
Q9: You have a comparative advantage when your
A)
Q10: Trade improves our standard of living through
A)
Q11: Mutually beneficial trade happens when both persons
A)
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