# MY Grades – Prin of Microeconc X|\ @ DO Homework X| Suppose that Italy and Denmark X| Homework Help – Qamp; A from Onli X * _ Mind Tap – Cengage

In the following table, enter each country’s production decision on the third row of the table (marked “Production”).

Suppose the country that produces corn trades 18 million bushels of corn to the other country in exchange for 54 million pairs of jeans.

In the following table, select the amount of each good that each country exports and imports in the boxes across the row marked “Trade Action,” and enter each country’s final consumption of each good on the line marked “Consumption.”

When the two countries did not specialize, the total production of corn was 23 million bushels per week, and the total production of jeans was 68 million pairs per week. Because of specialization, the total production of corn has increased by____ million bushels per week, and the total production of jeans has increased by____ million pairs per week.

Because the two countries produce more corn and more jeans under specialization, each country is able to gain from trade.