Economics 9708 · AS & A Level · International trade and free trade

International trade and free trade — practice question

The diagram illustrates the production possibility curves (PPCs) for country X and country Y, which are the only two countries in the world. Each country produces only two goods, M and N. At what terms of trade would country X and country Y both gain from trading with one another?

  • A1M for 0.75N
  • B1M for 0.8N
  • C1M for 1N
  • D1M for 2N

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