Question: IF YOU COPIED THE ANSWER FROM ANOTHER CHEGG EXPERT I WILL REPORT YOU AND GET YOU 3 DISLIKES FROM MY FRIENDS! 4) Consider the no-trade

IF YOU COPIED THE ANSWER FROM ANOTHER CHEGG EXPERT I WILL REPORT YOU AND GET YOU 3 DISLIKES FROM MY FRIENDS!

4) Consider the no-trade input/output situation presented in the following table and graph for countries A and B. Assuming that free trade is available, develop and discuss a scenario that will benefit the citizens of both countries. Please support your discussion by adding graphical illustration. Total Input/Output without Trade Country A B I. Total Potential Output (lbs. or yards; 000,000s) Food 600 500 Textiles 1200 500 II. Consumption (lbs. or yards; 000,000s) Food 300 400 Textiles 200 400 1,100 1,700 700 600 4) Consider the no-trade input/output situation presented in the following table and graph for countries A and B. Assuming that free trade is available, develop and discuss a scenario that will benefit the citizens of both countries. Please support your discussion by adding graphical illustration. Total Input/Output without Trade Country A B I. Total Potential Output (lbs. or yards; 000,000s) Food 600 500 Textiles 1200 500 II. Consumption (lbs. or yards; 000,000s) Food 300 400 Textiles 200 400 1,100 1,700 700 600

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