This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Therefore, Canada will be willing to produce all beef with 0 computers and Japan will be willing to produc Limits of terms of trade - Points of trade Canada Japan Beef Computers Beef Computers Without trade: production & Consumption 6 2 5 4 With trade: production & consumption 6 3 6 5 6 4 6 4 Total Beef Computers 11 6 roduce good that they specialize) Total Beef Computers 12 8 6 computers without trade. ce all computers with 0 beef. s (Option 1) (Option 2)...
View Full Document
This note was uploaded on 08/04/2011 for the course ECN 601 taught by Professor Professor during the Spring '10 term at Grand Canyon.
- Spring '10