If the Opportunity Cost of Corn to Wheat Is 3:1

question 64

True/False

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both countries would benefit from trade if the actual terms of trade between corn and wheat were 4:1.

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Definitions:

Wind Directions

The direction from which the wind originates, used to describe weather patterns and conditions.

Cease

To bring or come to an end; a halt or stop.

Estuary

Portion of the ocean located where a river enters and fresh water mixes with salt water.

Tropical Rainforests

Dense forests located in the equatorial zone, characterized by high rainfall and biodiversity.