12:55 1 Take Quiz Exit O If that is Ed's true PPF, it is impossible for him to do that much in 20 hours. Figure 4 below shows the Production Possibility Frontiers for two countries: Country A and Country B. These countries produce two goods: x and y. Country A Country B 900 400 1200 400 Figure 4 Refer to Figure 4 as you answer the following questions. Question 12 1 pts Refer to Figure 4 above. Which country has an absolute advantage in each good?12:55 1 Take Quiz Exit Country A has a comparative advantage in good y. Country B has a comparative advantage in good x. D Question 14 1 pts Refer to Figure 4 above. You can use your answer in the previous question to determine which good each of these countries will produce and trade. Will both countries accept a trade of 2 x for 1 y? Yes. O No. Country A will reject this trade. O No. Country B will reject this trade. O No. Both countries will reject this trade. Question 15 1 pts The price elasticity of demand for impossible beef is -0.25. What would have to happen to cause quantity demanded of impossible beef to decrease by