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9. Suppose the United States and Japan have the following production possibility tables: (L023) Japan United States Butts of Tons of Bolts of Tons of
9. Suppose the United States and Japan have the following production possibility tables: (L023) Japan United States Butts of Tons of Bolts of Tons of Cloth Wheat Cloth Wheat 1,000 0 500 0 300 1 00 400 200 600 200 300 400 400 300 200 600 200 400 1 00 800 0 500 0 1.000 3. Draw each country's production possibility curve. b. In what good does the United States have a compara- tive advantage? c. Is there a possible trade that benets both countries? d. Demonstrate your answer graphically
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