5. From the data contained in Figure 10.7 or Table 10.6, how many beans can the United States obtain if it is self-sufficient and producing 240 million bushels of wheat? If, instead, it specializes in wheat production and can trade at terms of 1 bushel of wheat = 2 bushels of beans, how many bushels of beans could it have to accompany its 240 million bushels of wheat? What if the terms were 1 bushel of wheat = 3 bushels of beans?

OUTPUT PER WORKER (bushels per day)

Apples Pears Freedonia 6 or 3 Libraland 3 or 2 Assuming the two countries wish to trade, would terms of trade of 1 bushel of pears = 2.5 bushels of apples be fea sible?