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14. Problems and Applications Q8 Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. 30 T 27 U.S PPF China PPF 15 12 U.S. without Trade China without Trade 0 10 20 30 40 50 TO 80 90 100 Quantity of Shirts Suppose that without trade the workers in each country spend haif their time producing each good.
Quantity of Shirts Suppose that without trade the workers in each country spend half their time producing each good. Use the black point (plus symbol) to indicate this production and consumption point for the United States, and use the grey point (star symbol indicate this production and consumption point for China. If these countries were open to trade, would export shirts and would benefit from trade States puter can be expres isshirts per com The highest price for which a computer can be traded that would make both count price that makes both countries better off is better off Y shirts per computer China Suppose that China catches up with American productivity so that a Chinese worker can produce 100 shirts or 20 computers. True or False: There are no longer gains from trade. O True O False Privacy Notice Security Notice No
0 70 80 100 Quantity of Shirts Suppose that without trade the workers in each country spend half their time producing each good. Use the black point (plus symbol) to indicate this production and consumption point for the United States, and use the grey point (star symbol) to indicate this production and consumption point for China. If these countries were open to trade, would export shirts and would benefit from trade. both countries The price of a computer can be expressed in terms of shirts. The highest price for whic ed that would make both countries shirts per computer better off is Suppose that China catches up with American productivity so that a Chinese worker ca True or False: There are no longer gains from trade. shirts per computer, and the lowest price that makes both cour only the United States only China computers O True False Continue opyright NoticesTerms of Use
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Suppose that without trade the workers in each country spend half their time producing each good. Use the black point (plus symbol) to indicate this production and consumption point for the United States, and use the grey point (star sy indicate this production and consumption point for China. If these countries were open to trade, would export shirts and would benefit from t The price of a computer can be expressed in terms of shirts. The highest price for which a computer can be traded that would make both better off is shirts per computer, and the lowest price that makes both countries better off is shirts per computer. Suppose that China catches up with American productivity so that a Chinese worker can produce 100 sh 2b computers. True or False: There are no longer gains from trade. True 100 False Privacy Notice Securi Copyright NoticesTerms of Use
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