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Table 2-32 -Refer to Table 2-32

Question 375

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Table 2-32
 Cell Phone  Lumber (board foot  )  Estonia 20 hours 5 hours  Finland 18 hours 4 hours \begin{array} { | l | c | c | } \hline & \text { Cell Phone } & \begin{array} { c } \text { Lumber (board foot } \\\text { ) }\end{array} \\\hline \text { Estonia } & 20 \text { hours } & 5 \text { hours } \\\hline \text { Finland } & 18 \text { hours } & 4 \text { hours } \\\hline\end{array}
-Refer to Table 2-32.This table shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
 Table 2-32   \begin{array} { | l | c | c | }  \hline & \text { Cell Phone } & \begin{array} { c }  \text { Lumber (board foot } \\ \text { ) } \end{array} \\ \hline \text { Estonia } & 20 \text { hours } & 5 \text { hours } \\ \hline \text { Finland } & 18 \text { hours } & 4 \text { hours } \\ \hline \end{array}  -Refer to Table 2-32.This table shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.     h.Show the consumption points after trade on each country's production possibilities frontier.Label these points  X  for Estonia and  Y  for Finland. i.Has trade made the two countries better off? Explain your answer.
h.Show the consumption points after trade on each country's production possibilities frontier.Label these points "X" for Estonia and "Y" for Finland.
i.Has trade made the two countries better off? Explain your answer.

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