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Author Question: The Gains from International TradeThe table shows the production possibilities for two countries: ... (Read 29 times)

gboileau

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on: Nov 23, 2022
The Gains from International Trade

The table shows the production possibilities for two countries: Loompa Land and Wakanda.
Loompa Land​Wakanda
VibraniumChocolate​VibraniumChocolate
52​0​232​0
39​27​​174​18​
26​54​​116​36​
13​81​​58​54​
0108​​072​
In autarky, Loompa Land is producing 26 pounds of vibranium and 54 pounds of chocolate and Wakanda is producing 116 pounds of vibranium and 36 pounds of chocolate. Assume that each country specializes in production of the good in which they have the comparative advantage. How many additional pounds of vibranium and chocolate are produced after trade?
◦ 52 pounds of vibranium, 72 pounds of chocolate
◦ 90 pounds of vibranium, 18 pounds of chocolate
◦ 232 pounds of vibranium, 108 pounds of chocolate
◦ -90 pounds of vibranium, -18 pounds of chocolate
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by gboileau on Nov 23, 2022

ekattan2

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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gboileau

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

Missbam101

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Reply 3 on: Yesterday
Excellent

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