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Consider the No-Trade Input/output Situation Presented in the Following Table

question 71

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Consider the no-trade input/output situation presented in the following table and graph for countries A and B.Assuming that free trade is legal; develop a scenario that will benefit the citizens of both countries. Consider the no-trade input/output situation presented in the following table and graph for countries A and B.Assuming that free trade is legal; develop a scenario that will benefit the citizens of both countries.     A) Country B should make all the textiles and trade with Country A for food. B) Country A should make nothing but textiles and trade with Country B for food. C) Country B should make all the textiles and Country A should make all the food. D) Country B should make nothing but textiles and trade with Country A for food.
Consider the no-trade input/output situation presented in the following table and graph for countries A and B.Assuming that free trade is legal; develop a scenario that will benefit the citizens of both countries.     A) Country B should make all the textiles and trade with Country A for food. B) Country A should make nothing but textiles and trade with Country B for food. C) Country B should make all the textiles and Country A should make all the food. D) Country B should make nothing but textiles and trade with Country A for food.


Definitions:

Principal Ways

The main or most important methods or approaches to achieving something.

Accorded Power

The authority or power granted to a person or entity by agreement or consent.

Command And Mastery

The exercise of authoritative control or domination along with a high level of skill or proficiency in a specific area.

Actor

An individual, group, or entity that takes action or plays a role in a particular context or situation.

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