Wat's Production Possibilities Product A B C
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Wat's Production Possibilities
Product A B C D E F
Rice 750 600 450 300 150 0
Corn 0 50 100 150 200 250
Xat's Production Possibilities
Product A B C D E F
Rice 2,500 2,000 1,500 1,000 500 0
Corn 0 100 200 300 400 500
The hypothetical nations Wat and Xat have the production possibilities for rice and corn given in the accompanying tables. The mutually beneficial terms of trade will be
1. greater than 4 units of rice for 1 unit of corn.
2. between 3 and 5 units of corn for 1 unit of rice.
3. less than 2 units of rice for 1 unit of corn.
4. between 3 and 5 units of rice for 1 unit of corn