Based on the information in Table 12-2, and assuming a trade ratio of four DVDs for three pairs of shoes, what would the production possibilities curve (without trade) and the consumption possibilities curve (with trade) look like for Greenland? Does Greenland benefit from specialization and trade?

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TABLE 12-2 • United States and Greenland Production of DVDS or Shoes per Day, per Worker Country DVD Production Shoe Production (pairs) United States 8 4 Greenland 2 2 According to the table, each worker in the United States can produce either eight DVDS or four pairs of shoes per day. Each worker in Greenland can produce either two DVDS or two pairs of shoes per day. This means that, compared with Greenland, the United States has an absolute advantage in the production of both DVDS and shoes.