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Suppose Italy and Portugal produce only cloth and wine. Assume that each country uses only labor to produce each good, and that the cloth and

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Suppose Italy and Portugal produce only cloth and wine. Assume that each country uses only labor to produce each good, and that the cloth and wine made in Italy and Portugal are exactly alike. The table below shows how much each country can produce of each good with one hour of labor: Output per Hour of Labor Cloth Wine Italy 21 14 Portugal 3 9 Suppose that Italy and Portugal do not trade with each other. Each has 2000 hours of labor with which to produce cloth and wine, and the countries are currently producing amounts of each good shown in the table below: Consumption with 2000 Hours of Labor Cloth Wine Italy 37,800 2,800 Portugal 2,800 9.600 Assume now that each country specializes in producing that good in which it has a comparative advantage. Further, assume for simplicity that one unit of cloth can be traded for one unit of wine. If Italy trades 2,800 units of cloth for 2,800 units of wine with Portugal, then, with trade, Italy will be able to consume the same amount of wine and additional units of cloth. (enter a numeric response using an integer)Suppose Taiwan and Great Britain produce only cell phones and digital music players. Assume that each country uses only labor to produce each good, and that the cell phones and digital music players made in Taiwan and Great Britain are exactly alike. The table below shows how much each country can produce of each good with one hour of labor: Output per Hour of Labor Cell Phones Digital Music Players Taiwan 19 15 Great Britain 5 9 Suppose that Taiwan and Great Britain do not trade with each other. Each has 1000 hours of labor with which to produce cell phones and digital music players, and the countries are currently producing amounts of each good shown in the table below: Consumption with 1000 Hours of Labor Cell Phones Digital Music Players Taiwan 17,100 1,500 Great Britain 1,500 6.300 Assume now that each country specializes in producing that good in which it has a comparative advantage. Further, assume for simplicity that one cell phone can be traded for one digital music player. If Taiwan trades 1,500 cell phones for 1,500 digital music players with Great Britain, then, with trade, Taiwan will be able to consume the same number of digital music players and additional cell phones (enter a numenc response using an integer)

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