Question: Coconuts Machetes Danoli 300 50 Herapi 100 25 You are the newly elected trade minister for the country of Danoli and have been task with

Coconuts Machetes
Danoli 300 50
Herapi 100 25

You are the newly elected trade minister for the country of Danoli and have been task with developing trade with the people of Herapi. Your biggest challenge is convincing the leaders of your country to engage in trade.

How can each country gain from trade? What are the numbers? I know danoli is is a 6:1 ratio and Herapi is a 4:1 ratio

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!