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Gallons of maple syrup

USA and Canada PPF’s (Alternative example: maple s yrup and hockey sticks). 4000. 3000. Canada’s PPF. Gallons of maple syrup. 2000. USA’s PPF. 1000. 0. 0. 1000. 500. 2000. Hockey sticks. USA and Canada PPF’s (Alternative example: maple s yrup and hockey sticks). 4000.

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Gallons of maple syrup

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  1. USA and Canada PPF’s (Alternative example: maple syrup and hockey sticks) 4000 3000 Canada’s PPF Gallons of maple syrup 2000 USA’s PPF 1000 0 0 1000 500 2000 Hockey sticks

  2. USA and Canada PPF’s (Alternative example: maple syrup and hockey sticks) 4000 Canada has a comparative advantage as hockey sticks, USA at maple syrup Canada’s PPF 3000 Specializing, USA produces 2000 gallons of maple syrup while Canada produces 2000 hockey sticks… but an even split gives each country…. Gallons of maple syrup 2000 USA’s PPF 1000 0 0 1000 500 2000 Hockey sticks

  3. USA and Canada PPF’s (Alternative example: maple syrup and hockey sticks) 4000 Canada has a comparative advantage as hockey sticks, USA at maple syrup Canada’s PPF 3000 Specializing, USA produces 2000 gallons of maple syrup while Canada produces 2000 hockey sticks… but an even split gives each country…. Gallons of maple syrup 2000 USA’s PPF Canada is worse off! 1000 0 0 1000 500 2000 Hockey sticks

  4. USA and Canada PPF’s (Alternative example: maple syrup and hockey sticks) 4000 Specializing, USA produces 2000 gallons of maple syrup while Canada produces 2000 hockey sticks… but an even split gives each country…. Canada’s PPF 3000 A fair split does not always make both countries better off. Canada and USA would have to agree on terms of trade that make each country better off. Gallons of maple syrup 2000 USA’s PPF Canada is worse off! 1000 0 0 1000 500 2000 Hockey sticks

  5. USA and Canada PPF’s (Alternative example: maple syrup and hockey sticks) 4000 Specializing, USA produces 2000 gallons of maple syrup while Canada produces 2000 hockey sticks… but an even split gives each country…. Canada’s PPF 3000 New Canada Gallons of maple syrup 2000 Perhaps Canada gives the USA 750 hockey sticks in exchange for all of their maple syrup? USA’s PPF Both countries are better off! 1000 New USA 0 0 1000 1250 500 2000 750 Hockey sticks

  6. USA and Canada PPF’s (Alternative example: maple syrup and hockey sticks) 4000 Specializing, USA produces 2000 gallons of maple syrup while Canada produces 2000 hockey sticks… but an even split gives each country…. Canada’s PPF 3000 Gallons of maple syrup Perhaps Canada gives the USA 250 hockey sticks in exchange for 800 gallons of maple syrup? 2000 New USA Both countries are better off! 1200 New Canada 1000 USA’s PPF 800 0 0 1000 250 1750 2000 500 Hockey sticks

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