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If two bushels of apples can be traded for three bushels of oranges, what is the terms of trade between apples and oranges?
If two bushels of apples can be traded for three bushels of oranges, how many bushels of oranges can be purchased with one bushel of apples?
If the price of ice cream is $3.50 per quart and the price of cheesecake is $4.50 per slice, what is the terms of trade between cheesecake and ice cream?
Terms of trade implies ratio in which two commodities can be traded.with each other. A) If two bushels of apples can be traded for three bushels of oranges, what is the terms of trade between apples and oranges? Ans: 2 apples:3 oranges 2:3 is the required ratio B) If two bushels of apples can be traded for three bushels of oranges, how many bushels of oranges can be purchased with one bushel of apples? Ans: using two bushels of apples we can get three bushesl of oranges therefore one bushel of apples will buy 3/2 bushels of oranges. i.e 1.5 bushels of oranges…

c)If the price of ice cream is $3.50 per quart and the price of cheesecake is $4.50 per slice, what is the terms of trade between cheesecake and ice cream? Ans: Terms of Trade between cheesecake and ice cream, when the prices are given can be calculated using the formula = price of cheesecake/price of ice cream it can be said that 9 cheesecake can be traded for 7 icecreams.

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