Widgetland has 60 workers. Each worker can produce 4 widgets or 4 wadgets. Each resident in Widgetland currently consumes 2 widgets and 2 wadgets. Wadgetland also has 60 workers. Each can produce 3 widgets or 12 wadgets. Wadgetland's residents each consume 1 widget and 8 wadgets, Is there a basis for trade? Is there a basis for trade? Yes of Widgetland specializes in the production of widgets, they would produce 240 widgets and 240 wadgets Wadgetland specializes in the production of wadgets, they would produce 180 widgets and 720 wadgets Assuming that Widgetlond and Wadgetland have agreed on trading 1 widget for 2 wadgets, and Widgetland wants to double the amount of wadgets they can consume, Widgetland should trade 1 widgets for 1 wadgets. This would mean that Wadgetland can consume 0.25 wadgets and 4 widgets after the trade is completed