The table below shows units of wheat and cloth produced by each worker per day in both the countries.Table 20.1

-Refer to Table 20.1. Assume that the U.S. has only two workers and can produce and trade 2 units of wheat for a unit of clothing. What would be the gains from trade for the U.S. if it is producing according to its comparative advantage?

Question

The table below shows units of wheat and cloth produced by each worker per day in both the countries.Table 20.1
 
-Refer to Table 20.1. Assume that the U.S. has only two workers and can produce and trade 2 units of wheat for a unit of clothing. What would be the gains from trade for the U.S. if it is producing according to its comparative advantage?

Quizplus · Accepted Answer

The Answer of The table below shows units of wheat and cloth produced by each worker per day in both the countries.Table 20.1
 
-Refer to Table 20.1. Assume that the U.S. has only two workers and can produce and trade 2 units of wheat for a unit of clothing. What would be the gains from trade for the U.S. if it is producing according to its comparative advantage?

The Table Below Shows Units of Wheat and Cloth Produced