Question

In Exercise 20.31, is there an “ask” where Venezuelans may say “no thank you” to trading with Canada?

Short answer

The given information is below:

Now, after observing the above table, it may be said that true during which Canada asks for 500 or more oil barrels, for fewer than 1000 loads of lumber, Venezuela may say "no thank you" for the trading transaction with Canada.

Step-by-step solution

Concept Introduction

It is the table which describes the country, oil, lumbers.

Explanation of Solution

This is because as per above table the assembly of Canada of barrel and tons are within the ratio of 1: 2 which implies for producing but 1000 a lot of lumber, Canada should sacrifice the assembly of but 500 oil barrels.