### Country production possibility curve

Assignment Help Basic Computer Science
##### Reference no: EM131220113

Suppose the US and Japan have the following production possibility tables (final output combinations):

 Japan United States Bolts of Cloth Tons of Wheat Bolts of Cloth Tons of Wheat 1000 0 500 0 800 100 400 200 600 200 300 400 400 300 200 600
 200 400 100 800 0 500 0 1000 1000 0 500 0

a. Draw each country's production possibility curve.

b. In what good does the United States have a comparative advantage? What about Japan?

c. Is there a possible trade that benefits both countries? If there are several such possible situations, please discuss ONLY one.

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