Suppose that France has 175,000 gallons of milk, Germany has
600,000 cookies, The U.S. has 1,000,000 cookies. France traded
50,000 gallons milk to Germany for 120,000 cookies; and the U.S.
traded 192,000 cookies to France for 80,000 gallons of milk.
a) What is the price of milk in terms of cookies? (i.e. what is
the amount of cookies you can get for one gallon of milk?)
b) What is the price of cookies in terms of milk? (i.e. what is...