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3. The United States is a bigger country than Kuwait. it can produce more agricultural goods than can Kuwait, and has more oil in Alaska

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3. \"The United States is a bigger country than Kuwait. it can produce more agricultural goods than can Kuwait, and has more oil in Alaska than there is in all of Kuwait. Yet, the United States buys oil from Kuwait. It must be that Kuwait gains, while the United States loses.\" Is this statement correct? Explain your answer using the appropriate diagrams below. (Assume that inputs are specialized. Make sure that you mark consumption points with and without trade for both coimtries.) agriwhtu'al goods Kuwait

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