>> Business Economics
a. What is the effect on East Asia’s willingness to trade? b. Assuming that each region is large enough to influence international prices, how do East Asia’s good-growing seasons in food affect the equilibrium international price ratio? c. Show on a graph and explain the effect of all this on the following in the U.S.: 1) Quantities produced of food and clothing; 2) Quantities consumed of food and clothing; 3) U.S. well-being.