Assume Ireland Can Produce 4 Units of Good X or 2

question 106

Multiple Choice

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 1/2 units of Y.
• C)Between 4 and 9 units of Y.

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Definitions:

Early Geologists

Professionals or scientists dedicated to the study of the Earth's physical structure and substance, its history, and the processes that act on it.

Rock Layers

Strata or sequences of sedimentary rocks arranged in chronological order, providing a record of the Earth's geological and evolutionary history.

Homologous Traits

Features in different species that are similar because they were inherited from a common ancestor.

Common Ancestor

The newest common progenitor of all entities within a specified group.