Suppose that the maximum output in the corn and barley industries of China and Russia are as follows: $\begin{array}{l}
\underline{\text { Number of Bushels per day }}\
\begin{array}{lccc}
& \underline{\text { Corn }} & & \underline{\text { Barley }}\
\text { China } & 500 & \text { or } & 100\
\text { Russia }&100&\text { or } &300
\end{array}
\end{array}$
What is the range of feasible terms of trade between the two countries?

Question

Suppose that the maximum output in the corn and barley industries of China and Russia are as follows: $\begin{array}{l}
\underline{\text { Number of Bushels per day }}\
\begin{array}{lccc}
& \underline{\text { Corn }} & & \underline{\text { Barley }}\
\text { China } & 500 & \text { or } & 100\
\text { Russia }&100&\text { or } &300
\end{array}
\end{array}$
 What is the range of feasible terms of trade between the two countries?

Quizplus · Accepted Answer

The Answer of Suppose that the maximum output in the corn and barley industries of China and Russia are as follows: $\begin{array}{l}
\underline{\text { Number of Bushels per day }}\
\begin{array}{lccc}
& \underline{\text { Corn }} & & \underline{\text { Barley }}\
\text { China } & 500 & \text { or } & 100\
\text { Russia }&100&\text { or } &300
\end{array}
\end{array}$
 What is the range of feasible terms of trade between the two countries?

Suppose That the Maximum Output in the Corn and Barley