Use the following to answer questions:
Figure: Rice and Shirts 
-(Figure: Rice and Shirts) Use the PPFs shown for the United States and India. If the United States and India specialize and trade, one country will trade away 20 pounds of rice in exchange for 20 shirts from the other. Compared with no trade, ______ will be able to consume ______ additional shirts, and _____ will be able to consume an additional ______ pounds of rice.
Definitions:
Revocation
Withdrawal of an offer before acceptance (must be communicated to the offeree).
Counter-Offer
A proposal made in response to an original offer, differing in terms and thereby rejecting the original offer.
Offeror
The party in a contract negotiation who presents the offer to enter into an agreement.
Offeree
The person to whom an offer is made in a contract situation.
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