The figure below shows the PPFs for two countries: Adventureland and Zombieland.

Question

The figure below shows the PPFs for two countries: Adventureland and Zombieland. According to the figure, in order for both countries to gain from trade the terms of trade will have to be such that 1 radio would be worth anywhere between:

  

A- 2 to 4 coolers

   

B- 2.5 to 4 coolers

   

C- 2 to 4.5 coolers

   

D- 0.25 to 0.4 coolers

   

The figure below shows the PPFs for two countries: Adventureland and Zombieland. According to the figure, in order for both countries to gain from trade the terms of trade will have to be such that 1 radio would be worth anywhere between: A- 2 to 4 coolers B- 2.5 to 4 coolers C- 2 to 4.5 coolers D- 0.25 to 0.4 coolers E- 50 to 100 coolers

Explanation / Answer

C- 2 to 4.5 coolers

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