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Suppose, without trade, Iceland produces three bushels of grapes and eight pounds of cod. France produces five bushels of grapes and three pounds of cod.

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Suppose, without trade, Iceland produces three bushels of grapes and eight pounds of cod. France produces five bushels of grapes and three pounds of cod. Come up with a production and trade strategy that allows both countries to consume more of both goods than they were consuming without trade. (a) If they are going to trade with Iceland... France will produce bushels of grapes and pounds of cod. (Your entry to these blanks should just be a number) (b) If they are going to trade with France... Iceland will produce bushels of grapes and pounds of cod. (Your entry to these blanks should just be a number) (c) France will trade 3 pounds of cod to Iceland in exchange for 6 bushels of grapes (Your entry to these blanks should be an amount of one of the two goods ex. three bushels of grapes or five pounds of cod) Note: There is more than one correct answer to this question, in fact there are many answers that will fit the problem (at least for c). However, for fill-in-the-blank questions, Canvas makes me specify one correct answer. When I grade this question I will look at your answer, but know that Canvas may automatically flag it as incorrect before I have a chance to look at it

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