1. Drawn below are two increasing-costs PPFs for two countries, Azerbaijan (A) and Comoros (C), with each country's pre-trade and post-trade positions shown. Smartphones (S) are capital- intensive and jujubes (J) are land-intensive. Smartphones R PPFA Azerbaijan о Smartphones T Comoros E R PPFC D Jujubes Jujubes The line RR represents the autarky price line for Azerbaijan (with slope (p^/^^)) and the line DD represents the autarky price line for Comoros (with slope (PC/PS)). e) Reproduce the figures, and clearly construct the trade triangles for each country. Clearly identify the levels of exports (EX) and imports (IM) of each good for each country.

1. Drawn below are two increasing-costs PPFs for two countries, Azerbaijan (A) and Comoros (C), with each country's pre-trade and post-trade positions shown. Smartphones (S) are capital- intensive and jujubes (J) are land-intensive. Smartphones R PPFA Azerbaijan о Smartphones T Comoros E R PPFC D Jujubes Jujubes The line RR represents the autarky price line for Azerbaijan (with slope (p^/^^)) and the line DD represents the autarky price line for Comoros (with slope (PC/PS)). e) Reproduce the figures, and clearly construct the trade triangles for each country. Clearly identify the levels of exports (EX) and imports (IM) of each good for each country.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 6SCQ: Table 33.15 shows how the average costs of production for semiconductors (the chips In computer...

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