/ CENGAGE | MINDTAP U SRS T AT Homework (Ch 03) In the following table, enter each country's production decision on the third row of the table (marked "Production\"). Suppose the country that produces shorts trades 13 million pairs of shorts to the other country in exchange for 39 million pounds of almonds. In the following table, select the amount of each good that each country exports and imports in the boxes across the row marked "Trade Action,\" and enter each country's final consumption of each good on the line marked "Consumption.\" , the total production of short million pounds per week. Because of specialization, the total productio n of shorts has increased by production of almonds has increased by million pairs per week, and the total million pounds per week. Because the two countries produce more shorts and more almonds under specialization, each country is able to gain from trade. Calculate the gains from tradethat is, the amount by which each country has increased its consumption of each good relative to the first row of the table. In the following table, enter this difference in the boxes across the last row (marked \"Increase in Consumption\"). Everglades Denali Siho:r'tsM- TR iAlro;rd; ! Shorts Almonds (Millions of pairs) (Millions of pounds) (Millions of pairs) (Millions of pounds) Without Trade Production 12 16 5 30 Consumption 12 16 5 30 With Trade Production Trade action el T A Consumption e o Gains from Trade Increase in Consumption