The following is a productivity schedule for two countries, Pura Cendana and Antah Berantah. (d) (e) (f) Beef Computer Pura Cendana 10 8 Antah Berantah 6 6 Suggest the terms of trade that would be acceptable to both countries. If both countries allocate 60% of their resources in Beef's industry and the remaining 40% in Computer' industry before they trade, construct a table to show production of each country before trade. Assume that both countries decide to trade and resort to complete specialization. Construct a table to show production of each country after trade.

The following is a productivity schedule for two countries, Pura Cendana and Antah Berantah. (d) (e) (f) Beef Computer Pura Cendana 10 8 Antah Berantah 6 6 Suggest the terms of trade that would be acceptable to both countries. If both countries allocate 60% of their resources in Beef's industry and the remaining 40% in Computer' industry before they trade, construct a table to show production of each country before trade. Assume that both countries decide to trade and resort to complete specialization. Construct a table to show production of each country after trade.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...

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