Refer to the figure regarding countries A and B. If each country allocated half of its labor force to the production of each good before trade and then each specialize in their comparative advantage and allocate 75 percent of its labor force to the production of that good, world production of good X would change by -- and production of good Y by Good Y 100 Country B Country A 40 100 Good X

Refer to the figure regarding countries A and B. If each country allocated half of its labor force to the production of each good before trade and then each specialize in their comparative advantage and allocate 75 percent of its labor force to the production of that good, world production of good X would change by -- and production of good Y by Good Y 100 Country B Country A 40 100 Good X

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 1QCMC

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