$$\begin{array}{l}
{ ~~~~~~~~~~~~~~~~~~\text { Germany Production Possibilities } } \
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~\text { (Production Alternatives) } } \
\begin{array} { | l | c | c | c | c | c | c | }
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Autos } & 0 & 4 & 8 & 12 & 16 & 20 \
\hline \text { Chemicals } & 40 & 32 & 24 & 16 & 8 & 0 \
\hline
\end{array}\\
{ ~~~~~~~~~~~~~~~~~~~~~~~\text { U.S. Production Possibilities } } \
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~\text { (Production Alternatives) } } \
\begin{array} { | l | c | c | c | c | c | c | }
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Autos } & 0 & 3 & 6 & 9 & 12 & 15 \
\hline \text { Chemicals } & 60 & 48 & 36 & 24 & 12 & 0 \
\hline
\end{array}
\end{array}$$ Refer to the accompanying production possibilities tables. Data are in millions of units. Assume that prior to specialization and trade, Germany and the United States both choose production possibility C. Now if each specializes according to its comparative advantage, the resulting gains from
Specialization and trade will be

Question

$$\begin{array}{l}
{ ~~~~~~~~~~~~~~~~~~\text { Germany Production Possibilities } } \
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~\text { (Production Alternatives) } } \
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Autos } & 0 & 4 & 8 & 12 & 16 & 20 \
\hline \text { Chemicals } & 40 & 32 & 24 & 16 & 8 & 0 \
\hline
\end{array}\\
{ ~~~~~~~~~~~~~~~~~~~~~~~\text { U.S. Production Possibilities } } \
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~\text { (Production Alternatives) } } \
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Autos } & 0 & 3 & 6 & 9 & 12 & 15 \
\hline \text { Chemicals } & 60 & 48 & 36 & 24 & 12 & 0 \
\hline
\end{array}
\end{array}$$ Refer to the accompanying production possibilities tables. Data are in millions of units. Assume that prior to specialization and trade, Germany and the United States both choose production possibility C. Now if each specializes according to its comparative advantage, the resulting gains from
Specialization and trade will be

Quizplus · Accepted Answer

The Answer of $$\begin{array}{l}
{ ~~~~~~~~~~~~~~~~~~\text { Germany Production Possibilities } } \
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~\text { (Production Alternatives) } } \
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Autos } & 0 & 4 & 8 & 12 & 16 & 20 \
\hline \text { Chemicals } & 40 & 32 & 24 & 16 & 8 & 0 \
\hline
\end{array}\\
{ ~~~~~~~~~~~~~~~~~~~~~~~\text { U.S. Production Possibilities } } \
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~\text { (Production Alternatives) } } \
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Autos } & 0 & 3 & 6 & 9 & 12 & 15 \
\hline \text { Chemicals } & 60 & 48 & 36 & 24 & 12 & 0 \
\hline
\end{array}
\end{array}$$ Refer to the accompanying production possibilities tables. Data are in millions of units. Assume that prior to specialization and trade, Germany and the United States both choose production possibility C. Now if each specializes according to its comparative advantage, the resulting gains from
Specialization and trade will be

Refer to the Accompanying Production Possibilities Tables