Table :

TABLE 8-2 How the United States and China Gain from Trade

In Autarky

With Trade

Production

Consumption

Production

Consumption

Gains from trade

United States

Million phones

50

50

0

75

+25

Trucks

50,000

50,000

100,000

62,500

+12,500

China

Million phones

100

100

200

125

+25

Trucks

25,000

25,000

0

37,500

+12,500