Assume Ireland can produce 4 units of good X or 2 units of good Y. France can produce 3 units of good X or 9 units of good Y. What would be the terms of trade between Ireland and France for 1 unit of good X?

A. Between 1/2 and 3 units of Y.
B. Between 1/3 and 3 units of Y.
C. Between 4 and 9 units of Y.
D. Between 1/3 and 1/2 units of Y.


Answer: A

Economics

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