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100 workers in Vietnam, and each worker can produce either 10 shirts or re are 200 workers in the Bangladesh, and each can produce 4
100 workers in Vietnam, and each worker can produce either 10 shirts or re are 200 workers in the Bangladesh, and each can produce 4 shirts or w the Production Possibility Curves (PPC) for each country. What is the rtunity cost of shirts in Vietnam? What is the opportunity cost of shirts in gladesh? Which country has a comparative advantage in the production irts? (5 marks)] he absence of trade, if Vietnam consumes 600 shirts, how many hats can sume? In the absence of trade, if Bangladesh consumes 500 hats, how y shirts can it consume? (2 marks)] neone now proposes that Bangladesh and Vietnam enter into a trade ement. Under this agreement, the Bangladesh will give Vietnam 500 hats Vietnam will give Bangladesh 200 shirts. If Vietnam continues to consume shirts, how many hats will it be able to consume under this proposal? If gladesh continues to consume 500 hats, how many shirts will it be able to ume under this proposal? Should Vietnam accept this proposal? Should gladesh accept this proposal? (3 marks)]
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