Table 2-32 -Refer to Table 2-32

question 316

Essay

Table 2-32
$$\begin{array} { | l | c | c | } \hline & \text { Cell Phone } & \begin{array} { c } \text { Lumber (board foot } \\\text { ) }\end{array} \\\hline \text { Estonia } & 20 \text { hours } & 5 \text { hours } \\\hline \text { Finland } & 18 \text { hours } & 4 \text { hours } \\\hline\end{array}$$
-Refer to Table 2-32.This table shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.

h.Show the consumption points after trade on each country's production possibilities frontier.Label these points "X" for Estonia and "Y" for Finland.
i.Has trade made the two countries better off? Explain your answer.

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