Paper 1 October/November 2005 Economics (9708/01) A Level
Country R and country S are going to trade 1 unit of product X for $\frac{1}{2}$ unit of product Y.
With a given amount of resources:
- country R can produce either 30 units of product X or 50 units of product Y.
- country S can produce either 20 units of product X or 25 units of product Y.
Which statement is correct, according to the theory of comparative…