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  3. Study Set
    Principles of Macroeconomics Study Set 12
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    Exam 18: International Trade, Comparative Advantage, and Protectionism
  5. Question
    -Refer to Table 18
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-Refer to Table 18

Question 192

Question 192

Multiple Choice

  -Refer to Table 18.4. For both countries to benefit from trade, the terms of trade must be between ________ case(s)  of beer to case(s)  of wine. A)  1:1/2 and 1:4 B)  1:1 and 1:2 C)  1:1 and 1:1/2 D)  2:3 and 2:1
-Refer to Table 18.4. For both countries to benefit from trade, the terms of trade must be between ________ case(s) of beer to case(s) of wine.


A) 1:1/2 and 1:4
B) 1:1 and 1:2
C) 1:1 and 1:1/2
D) 2:3 and 2:1

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