Considering Figure 1, what are the terms of trade represented?

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.

 

ANSWER:

b.     The terms of trade are 1½ textiles per aircraft.