a. The terms of trade are 1½ aircraft per textile.
b. The terms of trade are 1½ textiles per aircraft.
c. The terms of trade are 1 textile per aircraft.
d. The terms of trade are 2/3 textile per aircraft.
b. The terms of trade are 1½ textiles per aircraft.
c. The terms of trade are 1 textile per aircraft.
d. The terms of trade are 2/3 textile per aircraft.
ANSWER:
b. The terms of trade are 1½ textiles per aircraft.