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8. The CPF is a collection of points that represent combinations of corn and blankets that a country can consume if it trades. Draw the

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8. The CPF is a collection of points that represent combinations of corn and blankets that a country can consume if it trades. Draw the CPF curves for U.S. and Mexico in the graph from part 2 when the \"exchange rate\" is 1B = 3.33C (or, 1C = .3B). 9. What if the terms of trade were not 1B=3.33C, but instead lB=5C? Draw new CPF for each country in the graph from Part 2. In conclusion: 0 The nearer are the terms of trade to a country's APR, the less that country stands to gain from trade I The farther away the terms of trade are from a country's APR, the more that country stands to gain from trade 0 World Trading Price must be between two country's autarky prices (domestic prices before trade)

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