Question: Suppose that the U.S. and Vietnam do not specialize according to comparative advantage and exchange but, instead, choose to be self sufficient. Further, they devote

Suppose that the U.S. and Vietnam do not specialize according to comparative advantage and exchange but, instead, choose to be self sufficient. Further, they devote 1/2 the acreage in each country to rice and wheat production and each country consume everything they produce domestically. Fill in the appropriate cells in the table on the next page.

Next, suppose that the U.S. and Vietnam fully specialize according to comparative advantage.Fill in the appropriate column in the table showing what happens to the collective production of rice and wheat after specialization.

How much rice will the US produce before specialization according to comparative advantage?

Suppose that the U.S. and Vietnam do not specialize according to comparative

X Quiz: Homework - Comparative / X Homework Help - Q&A from Onl x + C A canvas.csun.edu/courses/71047/quizzes/164947/take Q J CSUN The Outcome The Gains Without Trade The Outcome With Trade From Trade Account What they What They Produce and Produce if Dashboard Consume if they they fully What The Increase in do not specialize specialize They What They 2 according to according to Trade Consume Consumption Courses comparative comparative advantage. advantage. Groups Question Question 13. 6 Rice Rice Calendar Produced Point A to USA Point Produced A Question 14. A A Question Inbox 7. Wheat Wheat (? Produced Produced Help & Question Question 15. Library 8. Rice Rice Resources Produced Point Produced Point B to Vietnam Question B Question 16. 9. Wheat Wheat produced. Produced K

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