Clearly, to gain from trade it needs to be able to gain more than a half barrel of oil for its bushel of corn-or why trade at all?
The U.S. economy, after specialization, will benefit if it: The Saudi Arabian economy, after specialization, will benefit if it:
Exports no more than 60 bushels of corn Imports at least 10 bushels of corn
Imports at least 20 barrels of oil Exports less than 60 barrels of oil
