Suppose that we have the following data on one week of production possibilities for Canada and Iceland:

Canada Iceland

Fish Bushels of wheat Fish Bushels of wheat

16 0 18 0

0 12 0 3

Assuming constant opportunity costs and that these countries specialize and trade, which of the following Terms of Trade will both countries agree to?

a.6 number of fish per bushel of wheat 4/3

b.1/6 number of fish per bushel of wheat 3/4

c.4/3 number of fish per bushel of wheat 6

d.3/4 number of fish per bushel of wheat 1/6