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Solve clearly QUESTION 7 . US 100 labor hours . Take 10 hour to make 1 hat . Takes 1 hours to produce 1 airplane

Solve clearly

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QUESTION 7 . US 100 labor hours . Take 10 hour to make 1 hat . Takes 1 hours to produce 1 airplane Suppose that, after trade, 1 hat = 20 planes in the international market. Then what will US produce after trade: Hint Draw PPF of US first. Find three points (two end points and one middle point) on the PPF. Compare the three points (convert all three points' production into the unit of planes, which point correponds to most planes?) O hats O planes O both hats and planes QUESTION 8 . US 100 labor hours . Take 10 hour to make 1 hat . Takes 1 hours to produce 1 airplane Suppose that, after trade, 1 hat = 1 planes in the international market. Then what will US produce after trade: O hats O planes O both hats and planesQUESTION 9 . US 100 labor hours . Take 10 hour to make 1 hat . Takes 1 hours to produce 1 airplane Suppose that, after trade, 1 hat = 1 planes in the international market. Then WITH trade, US consumes hats. QUESTION 10 . US . 100 labor hours . Take 10 hour to make 1 hat . Takes 1 hours to produce 1 airplane Suppose that, after trade, 1 hat = 1 planes in the international market. Then WITH trade, US consumes planes. 10

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