a Standard model of a Trading Economy Figure 5-3: Production, Consumption, and Trade in the Standard Model Food production, QF Indifference curves Food imports Cloth exports Cloth production, Qc Copyright C 2003 Pearson Education, Inc Slide 5-11Copyright © 2003 Pearson Education, Inc. Slide 5-11 TT Figure 5-3: Production, Consumption, and Trade in the Standard Model Cloth production, QC Food production, QF Q D Indifference curves Food imports Cloth exports A Standard Model of a Trading Economy