This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Show your work! (c)Without trade, what is the price of food in terms of computers for both countries? Show your work! (d)What is the range of prices (i.e., the price line) at which trade can occur? Also, show (a) the possible price lines for each country and (b) the possible production and consumption possibility lines (consumption curve) for both countries after trade. Show your work! (e)What happened to employment?...
View Full Document
- Spring '08