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Business, 25.07.2020 21:01 KallMeh

Assume the countries agree to trade 1,500 pounds of shrimp for 500 pounds of wheat, and assume that each is going to produce only the good for which they have a comparative advantage. i. Identify the after trade consumption points on your graphs. ii. After trade, country A is able to consume __100___ more pounds of shrimp and _300___ more pounds of wheat. iii. After trade, country B is able to consume __100 more pounds of shrimp and __100___ more pounds of wheat.

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Assume the countries agree to trade 1,500 pounds of shrimp for 500 pounds of wheat, and assume that...
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