Terms of trade between landia and scandia


Question: Answer the next question on the basis of the following production possibilities data for Landia and Scandia:

Landia production possibilities:

         A B C D  E
Fish    8 6 4  2  0
Chips 0 4 8 12 16

Scandia production possibilities:

          A B C D E
Fish   48 36 24 12 0
Chips 0 12 24 36 48

Refer to the above data. What would be feasible terms of trade between Landia and Scandia? Show any calculations.

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Macroeconomics: Terms of trade between landia and scandia
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