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Table 1.2 5 Table 1.2: Production Possibilities Schedule Country X Country Y Choice Coffee Sugar Coffee Sugar A 200 0 100 0 B 160 120
Table 1.2 5 Table 1.2: Production Possibilities Schedule Country X Country Y Choice Coffee Sugar Coffee Sugar A 200 0 100 0 B 160 120 80 40 120 160 40 20 120 0 200 O 150 In Table 1.2, assume that before specialization and trade, both countries were producing at production possibility C. If each country specializes according to comparative advantage, what will be the gains from trade? 80 units of coffee and 90 units of sugar 20 units of coffee and 10 units of sugar 20 units of sugar and 10 units of coffee 20 units of coffee
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