Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers. There are 1 million workers in each country. Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. Quantity of Computers (Millions) 30 27 24 21 18 15 12 9 6 3 0 PR 0 10 20 30 70 40 50 60 Quantity of Shirts (Millions) 80 90 100 U.S. PPF A China PPF + U.S. without Trade China without Trade 4
Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers. There are 1 million workers in each country. Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. Quantity of Computers (Millions) 30 27 24 21 18 15 12 9 6 3 0 PR 0 10 20 30 70 40 50 60 Quantity of Shirts (Millions) 80 90 100 U.S. PPF A China PPF + U.S. without Trade China without Trade 4
Chapter21: International Trade And Finance
Section: Chapter Questions
Problem 2SQ
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Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers. There are 1 million workers in each country. Use the blue line (circle symbol) to graph the production possibilities frontier (PPF ) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. Quantity of Computers (Millions) 30 27 24 21 18 15 12 9 6 3 0 PR 0 10 20 30 70 40 50 60 Quantity of Shirts (Millions) 80 90 100 U.S. PPF A China PPF + U.S. without Trade China without Trade 4
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Transcribed Image Text:Suppose that in a year an American worker can produce 60 shirts or 30 computers and a Chinese worker can produce 60 shirts or 12 computers.
There are 1 million workers in each country.
Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to
graph the production possibilities frontier for China.
Quantity of Computers (Millions)
30
27
24
21
16
15
12
9
0
0
10
20
30
40
50 60 70
Quantity of Shirts (Millions)
80
90
100
U.S. PPF
China PPF
US without Trade
*.
China without Trade
?
4
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