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In addition to the question in image.Q : suppose the population of Vietnam is 1000. Total consumption of shoes is 100. How many shoes will

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In addition to the question in image.Q : suppose the population of Vietnam is 1000. Total consumption of shoes is 100. How many shoes will be exported?

image text in transcribed
D Question 34 2(b) - 4 points Suppose both Indonesia and Vietnam want to export their products to the international market. There are two products: Shoes and Semiconductor Chips. The unit labor requirement (ULR) for producing Shoes and Chips in Vietnam and Indonesia are 1 and 50 respectively; the ULR for producing Shoes and Chips in Indonesia are 1 and 100 respectively. Question : Suppose that the world's average ULR for producing Shoes and Chips are 10 and 10. Do both countries gain from trade? How? Edit View Insert Format Tools Table 12pt Paragraph B I U A & VT2

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