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    The document contains trade data for cotton and rice exports and imports between Malaysia and China over multiple periods. It also contains calculations of opportunity costs and terms of trade. The data shows fluctuations in the quantities of cotton and rice exported and imported by each country over time. Opportunity cost and terms of trade calculations are presented for Malaysia and China for one period.

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    The document contains trade data for cotton and rice exports and imports between Malaysia and China over multiple periods. It also contains calculations of opportunity costs and terms of trade. The data shows fluctuations in the quantities of cotton and rice exported and imported by each country over time. Opportunity cost and terms of trade calculations are presented for Malaysia and China for one period.

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    The document contains trade data for cotton and rice exports and imports between Malaysia and China over multiple periods. It also contains calculations of opportunity costs and terms of trade. The data shows fluctuations in the quantities of cotton and rice exported and imported by each country over time. Opportunity cost and terms of trade calculations are presented for Malaysia and China for one period.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10 views32 pages

    Untitled

    Uploaded by

    vinn sam phang
    The document contains trade data for cotton and rice exports and imports between Malaysia and China over multiple periods. It also contains calculations of opportunity costs and terms of trade. The data shows fluctuations in the quantities of cotton and rice exported and imported by each country over time. Opportunity cost and terms of trade calculations are presented for Malaysia and China for one period.

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    © All Rights Reserved
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    of 32

    01 02 03

    INTERNATIONAL BALANCE OF EXCHANGE


    TRADE PAYMENT RATE
    Countries Cotton (tons) Rice (tons)
    Malaysia 20 60
    China 40 20
    Total 60 80
    Countries Cotton (tons) Rice (tons)
    Malaysia 0 120
    China 80 0
    Total 80 120
    Countries Cotton (tons) Rice (tons)
    Malaysia 20 100
    China 60 20
    Total 80 120
    Countries Cotton (tons) Rice (tons)
    Malaysia 60 10
    China 20 10
    Total 80 20
    Countries Cotton Rice
    Malaysia 0.17* (10/60) 6 (60/10)
    China 0.5 (10/20) 2* (20/10)
    *indicates the lower opportunity cost
    Countries Cotton Rice
    Malaysia (10/0.17) + 60 = 120 0
    China 0 (20/2) + 10 = 20
    Total 120 20
    Average price of exports
    Terms of Trade = x 100
    Average price of imports

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