What would be the terms of trade

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Assume that country A can produce a unit of good X with 1 labor hour and a unit of good Y with 3 labor hours. Country B can produce a unit of good X with 2 labor hours and a unit of good Y with 8 labor hours. Labor is the only resource used. What would be the terms of trade for 1 unit of good X?

Reference no: EM13836585

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