Comparative advantage is determined by the relative levels of autarky prices

If the opportunity cost is 2X = 1Y for country A and 1/3X = 1Y for country B, then a possible terms of trade is:

A) 1X=1Y. B) 1X=4Y. C) 1X=5Y. D) 3X=1Y.

A country is likely to be better off in the long run if it pursues self sufficiency

Indicate whether the statement is true or false