Business, 08.03.2021 07:10 negativechill

PLSSS HELP, due in 11:59 pm pl , 20 points and will mark the brainliest When the two countries did not specialize, the total production of corn was 18 million bushels per week, and the total production of jeans was 52 million pairs per week. Because of specialization, the total production of corn has increased by 12 million bushels per week, and the total production of jeans has increased by 6 million pairs per week.
Because the two countries produce more corn and more jeans under specialization, each country is able to gain from trade.
Calculate the gains from trade—that is, the amount by which each country has increased its consumption of each good relative to the first row of the table. In the following table, enter this difference in the boxes across the last row (marked “Increase in Consumption”).
Euphoria
Contente
Corn
Jeans
Corn
Jeans
(Millions of bushels)
(Millions of pairs)
(Millions of bushels)
(Millions of pairs)
Without Trade
Production1216636
Consumption1216636
With Trade
Production
Trade action
Consumption
Gains from Trade
Increase in Consumption

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PLSSS HELP, due in 11:59 pm pl , 20 points and will mark the brainliest When the two countries did...

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