international finance

Anonymous
timer Asked: Feb 17th, 2016

Question description

A

B

Input units

100

100

Output/Input

A

B

Food

2

4

Textiles

3

5

No trade with 50-50 allocation of input resources

A

B

Food

Textiles

Complete the production of food and textiles in each country and worldwide production with trade and show the both countries can increase their consumption of both products with trade. Comment on the comparative advantage and the gains from trade as demonstrated in this example. 


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