Study the table below and answer the question that follows. Carpets Fighter aircraft Afghanistan 100 4 US 500 25 An appropriate international exchange ratio that would allow mutually advantageous trade to take place would be: (4 marks) a) 1 aircraft = 25 carpets. b) 1 aircraft = 20 carpets. c) 1 carpet = 0,04 aircraft. d) 1 aircraft = 22 carpets.

Study the table below and answer the question that follows. Carpets Fighter aircraft Afghanistan 100 4 US 500 25 An appropriate international exchange ratio that would allow mutually advantageous trade to take place would be: (4 marks) a) 1 aircraft = 25 carpets. b) 1 aircraft = 20 carpets. c) 1 carpet = 0,04 aircraft. d) 1 aircraft = 22 carpets.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 1CQQ

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