1. Who has the comparative advantage in producing Hot Dogs? a. Should Ivonne import or export hotdogs? 2. Who has the comparative advantage in producing Hamburgers? a. Should Ivonne import or export hamburgers? 3. If both Catherine and Ivonne exclusively produce the product that they have the Comparative Advantage in, what are acceptable terms of trade? Explain why, with regards to domestic price. 4. If the terms of trade were set up as 1 hamburger for 1 hotdog, who would benefit from trade? 5. If the terms of trade were set up as 10 hamburgers for 7 hotdogs, who would benefit from trade