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please answer A-C Trade France's Domestic Price. This problem illustrates an example of trade induced by comparative advantage me that China and France each have
please answer A-C
Trade France's Domestic Price. This problem illustrates an example of trade induced by comparative advantage me that China and France each have 1000 production units. With new production a mix of land labor, capital and technology). China can produce other 12 containers of toys of cases of wine France conoce the cases of toys of cases of wine. Thus, a production in China is five me suicient compared France whion producing toys, but ficient when producing wine. Assume at first that notande takes place China alocales 775 production to building toys and production des ding wine France lica 225 production units to building toys and 775 productions to producing wine What is the production and consumption of China and France without trade t. Ansone complete specialetion where China produs only toys and France produces only wine Who we be theated on total production? c. France's domestic price la containers els quals of wine Astume Chera produces 12.000 containers of Boy and export 675 containers to France Asumencen as 000 cases of wine and exports 1.350 cases to China What happens to total production and consumption? a. What is the production and won of China and without ade Step by Step Solution
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