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hi, can anyone help me with this diagram. I'm a bit confused how to illustrate the new situation (one for one trade) thank you! Suppose

hi, can anyone help me with this diagram. I'm a bit confused how to illustrate the new situation (one for one trade) thank you!

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Suppose that in the country of England, two goods can be produced on available agricultural land: wine and wool. Suppose that the opportunity costs of production are constant, so that the PPF is a straight line. Further, when all resources are devoted to wine production, England can produce 200 (thousand) barrels. When all resources are devoted to wool production, England can produce 400 (thousand) bushels of wool. Suppose that a bushel of wool could be traded for a barrel of wine, one-for-one, on the international market. Draw a diagram illustrating the original situation, and this new situation, with wool on the X-axis and wine on the Y-axis

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