28 Suppose that in a year an American There are 1 million workers in each countr

Question

28 Suppose that in a year an American There are 1 million workers in each country. worker can produce 60 shirts or 30 and a Chinese worker can produce 60 shirts or 12 computers. Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possiblities frontier for China U.S. PPF 21 China PPF U.S. without Trade China without Trade o 10 20 30 40 50 60 70 80100 Quantity of Shirts (Millions)

Explanation / Answer

China will export shirts because it has comparative advantage in shirts. China will benefit from trade(both produce 60 shirts so usa would not)

60/12=5 (less than 5) and highest price is 60/30=2(greater than 2)

Can answer only 4 parts according to chegg policy. Please send other parts as separate question

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.