Table 2-21
$$\begin{array} { | l | c | c | }
\hline & \text { Digital Carner a } & \text { Wheat (bushels) } \
\hline \text { China } & 100 \text { hours } & 5 \text { hours } \
\hline \text { South Korea } & 90 \text { hours } & 3 \text { hours } \
\hline
\end{array}$$
-Refer to Table 2-21.This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea.

h.Show the consumption points after trade on each country's production possibilities frontier.Label these points "B" for China and "J" for South Korea.
i.Has trade made the two countries better off? Explain your answer.

Question

Table 2-21
 $$\begin{array} { | l | c | c | } 
\hline & \text { Digital Carner a } & \text { Wheat (bushels) } \
\hline \text { China } & 100 \text { hours } & 5 \text { hours } \
\hline \text { South Korea } & 90 \text { hours } & 3 \text { hours } \
\hline
\end{array}$$
-Refer to Table 2-21.This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea.
  
h.Show the consumption points after trade on each country's production possibilities frontier.Label these points "B" for China and "J" for South Korea.
i.Has trade made the two countries better off? Explain your answer.

Quizplus · Accepted Answer

The Answer of Table 2-21
 $$\begin{array} { | l | c | c | } 
\hline & \text { Digital Carner a } & \text { Wheat (bushels) } \
\hline \text { China } & 100 \text { hours } & 5 \text { hours } \
\hline \text { South Korea } & 90 \text { hours } & 3 \text { hours } \
\hline
\end{array}$$
-Refer to Table 2-21.This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea.
  
h.Show the consumption points after trade on each country's production possibilities frontier.Label these points "B" for China and "J" for South Korea.
i.Has trade made the two countries better off? Explain your answer.

Table 2-21 -Refer to Table 2-21