c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume France produces 7.000 cases of wine and exports 1,400 cases to China What happens to total production and consumption? c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume France produces 7.000 cases of wine and exports 1.400 cases to China What happens to total production and consumption Calculate the total production and consumption across both countries for toys below. (Round to the nearest Integer) Exports (-) Imports Domestic Consumption Production TOYS Trade at China's domestic price (10 toys - 7 wine) CHINA Allocated production unit to Produces and consumes FRANCE c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume France produces 7.000 cases of wine and exports 1.400 cases to China. What happens to total production and consumption Trade at China's domestic price (10 toys - 7 wine) Production Imports (*) Consumption CHINA Allocated production units to Produces and consumes FRANCE Allocated production units to Produces and consumes Total production and consumption across both countries Calculate the total production and consumption across both countries for toys below (Round to the nearest integer) c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume cases of wine and exports 1,400 cases to China What happens to total production and consumption? Calculate the total production and consumption across both countries for toys below. (Round to the nearest Integer) Exports Imports (0) Domestic Consumption Production WINE Trade at China's domestic price (10 toys - 7 wine) CHINA Allocated production units to Produces and consumes FRANCE Allocated production units to Produces and consumes cases of wine and exports 1,400 cases to China. What happens to total production and con Exports (-) Imports (+) Domestic Consumption Production WINE Trade at China's domestic price (10 toys - 7 wine) CHINA Allocated production units to Produces and consumes ERANCE Alocated production units to Produces and consumes Total production and consumption across both countries c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume France produces 7.000 cases of wine and exports 1,400 cases to China What happens to total production and consumption? c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume France produces 7.000 cases of wine and exports 1.400 cases to China What happens to total production and consumption Calculate the total production and consumption across both countries for toys below. (Round to the nearest Integer) Exports (-) Imports Domestic Consumption Production TOYS Trade at China's domestic price (10 toys - 7 wine) CHINA Allocated production unit to Produces and consumes FRANCE c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume France produces 7.000 cases of wine and exports 1.400 cases to China. What happens to total production and consumption Trade at China's domestic price (10 toys - 7 wine) Production Imports (*) Consumption CHINA Allocated production units to Produces and consumes FRANCE Allocated production units to Produces and consumes Total production and consumption across both countries Calculate the total production and consumption across both countries for toys below (Round to the nearest integer) c. China's domestic price is 10 containers of toys equals 7 cases of wine. Assume China produces 10,000 containers of toys and exports 2,000 to France. Assume cases of wine and exports 1,400 cases to China What happens to total production and consumption? Calculate the total production and consumption across both countries for toys below. (Round to the nearest Integer) Exports Imports (0) Domestic Consumption Production WINE Trade at China's domestic price (10 toys - 7 wine) CHINA Allocated production units to Produces and consumes FRANCE Allocated production units to Produces and consumes cases of wine and exports 1,400 cases to China. What happens to total production and con Exports (-) Imports (+) Domestic Consumption Production WINE Trade at China's domestic price (10 toys - 7 wine) CHINA Allocated production units to Produces and consumes ERANCE Alocated production units to Produces and consumes Total production and consumption across both countries
