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economics paper 1
- Thread starter Anchelle
- Start date
- Messages
- 80
- Reaction score
- 7
- Points
- 18
The exchange rate should be between the opp. cost ratios
For country 1 its: 1X=2Y
For country 2 its: 1X=1.3Y
so 1X=1.5Y is between the opp cost ratios
For country 1 its: 1X=2Y
For country 2 its: 1X=1.3Y
so 1X=1.5Y is between the opp cost ratios
- Messages
- 17
- Reaction score
- 0
- Points
- 11
correct moiz!