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Business, 27.08.2021 14:00 queenkimm26

Suppose that in a year an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers. a. Graph the production possibilities curve for the two countries. Suppose that without trade the workers in each country spend half their time producing each good. Identify this point in your graph.

b. If these countries were open to trade, which country would export shirts? Which country would benefit from trade? Explain

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