Assume the table below shows the quantities of automobiles and computers that a worker can produce in a day in the United States and Japan. United States Japan Automobiles 2 4 Computers 24 4 Suppose each country has 2,000 workers and consumes the following (per day) without trade from allocating 1,000 workers to automobile production and 1,000 workers to computer production: United States Japan Automobiles 2,000 4,000 Computers 24,000 4,000 If both countries specialize completely by producing only that for which they have a comparative advantage and then trade 2,000 automobiles for 12,000 computers, what will each country's consumption of automobiles and computers be? To answer this question, fill in the table below with the amounts of automobiles and computers the United States and Japan will consume with specialization and trade. (Enter your responses as whole numbers.) United States Japan Automobiles Computers

Assume the table below shows the quantities of automobiles and computers that a worker can produce in a day in the United States and Japan. United States Japan Automobiles 2 4 Computers 24 4 Suppose each country has 2,000 workers and consumes the following (per day) without trade from allocating 1,000 workers to automobile production and 1,000 workers to computer production: United States Japan Automobiles 2,000 4,000 Computers 24,000 4,000 If both countries specialize completely by producing only that for which they have a comparative advantage and then trade 2,000 automobiles for 12,000 computers, what will each country's consumption of automobiles and computers be? To answer this question, fill in the table below with the amounts of automobiles and computers the United States and Japan will consume with specialization and trade. (Enter your responses as whole numbers.) United States Japan Automobiles Computers

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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