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1. Figure 1 Televisions International Terms '6 of Trade Schedule c 12 --------------- 4 B 12 IS 20 24 Refrigerators a. Consider Figure 1, in
1. Figure 1 Televisions International Terms '6 of Trade Schedule c 12 --------------- 4 B 12 IS 20 24 Refrigerators a. Consider Figure 1, in the absence of trade, what are the production and consumption bundles for Canada? b. Referring to Figure 1, which product does Canada have a comparative advantage in? Why? c. With specialization, what is the production bundle for Canada? Why? (1. With trade, what is the consumption bundle for Canada? Why? S
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