MindTap - Cengage Learning X Course Hero X b Answered: Suppose that in the ec X + V X -> C eng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966531&snapshotld=3545333& G ABP Marvin v CENGAGE |MINDTAP Q Search this course ? My Home Homework (Ch 03) X Courses 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." Catalog and Study Tools A-Z Rental Options When the two countries did not specialize, the total production of shorts was 23 million pairs per day, and the total production of almonds was 68 million pounds per day. Because of specialization, the total production of shorts has increased by million pairs per day, and the total College Success Tips production of almonds has increased by million pounds per day. Career Success Tips Because the two countries produce more shorts and more almonds under specialization, each country is able to gain from trade. ? Help Give Feedback Calculate the gains from trade-that 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"). bongo Yosemite Congaree Shorts Almonds Shorts Almonds (Millions of pairs) (Millions of pounds) (Millions of pairs) (Millions of pounds) Without Trade Production 48 15 20 Consumption CO 48 15 20 A+ With Trade Production Trade action Consumption Gains from Trade Increase in Consumption Type here to search a 35 P 59 F ~ "() 12:33 AM 9/26/2023