1. How Trade Expands the Set of Consumption Opportunities (a) Farmers Production (b)Rancher's Production and consumption and consumption Meat Meat Ranchers Farmer's production Ranchers Farmers 24 with trade consumption consumption production with trade with trade Rancher's roduction consumption 13 and A* without trade 12 B consumption A without trade 1617 32 Potatoes 122427 48 Potatoes Farmers production with trade1. How Trade Expands the Set of Consumption Opportunities 4 Meat Potatoes 5 16 17 A A* Farmer’s consumption with trade Farmer’s production and consumption without trade 32 Farmer’s production with trade Meat Potatoes 12 24 27 48 Rancher’s production 24 with trade 13 18 12 B B* Rancher’s consumption with trade Rancher’s production and consumption without trade (a) Farmer’s Production and Consumption (b) Rancher’s Production and Consumption 8