Trade - Cocunuts Bananas Coconuts Jen 0.25 1 2 8 4 0.25 1 4...

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#workers 1 worker OC Consumption Production W/trade x y x y 0.5 0.5 Korea 50 A 4 10 2.5 0.4 100 250 HK 10 B 3 8 2.67 0.38 15 40 0.5 0.5 0.2 0.8 0.5 0.5 1 0 #workers 1 worker Opportunity Cost Cons w/o trade Production Cons w/trade Terms of trade Wine Bottles Wool Bales Wine (in bales/bottle) Wool (in bottles/bale) Wine bottles Wool bales Wine bottles Wool bales Wine bottles Wool bales Australia 50 Korea 2 8 4 0.25 Korea 50 200 20 320 60 210 -110 New Zealand 20 HK 5 10 2 0.5 HK 50 100 100 0 60 110 -40 100 300 120 320 120 320 2.75 cars/TV 0.36 TVs/car
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0.5 0.5 0 1 0.5 0.5 0.67 0.33 Per hour production Per day production OC Cons w/o trade Specialization Cons w/trade Trade Bananas Coconuts Bananas Coconuts Bananas Coconuts Bananas Coconuts Bananas
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Unformatted text preview: Cocunuts Bananas Coconuts Jen 0.25 1 2 8 4 0.25 1 4 8 1 5-3 Brad 0.75 1.5 6 12 2 0.5 3 6 4 4 3 7-1 8 20 4 10 4 12 4 12 3 B/C 0.33 C/B Graph A1 A2 B1 B2 PPF cons no trade cons w/trade 8 12 20 1 4 1 5 0.5 1 4 3 6 6 8 3 6 3 7 1 2 6 8 1 2 3 4 5 6 7 2 4 6 8 10 12 14 Individual PPFs Column C Column E Bananas Coconuts 1 2 3 4 5 6 7 8 5 10 15 20 Island PPF Column C Column E Column G 5 7 4 6 Bananas 1 2 3 4 5 6 7 8 2 4 6 8 10 12 14 Island PPF Column C Column E 4 6 Bananas...
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This note was uploaded on 04/26/2010 for the course ECON 101 taught by Professor Staff during the Spring '08 term at Vassar.

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Trade - Cocunuts Bananas Coconuts Jen 0.25 1 2 8 4 0.25 1 4...

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