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1.Assume that tastes and technology are identical in China and Japan. Assume that China is labour abundant and Japan is capital abundant. Assume that production

1.Assume that tastes and technology are identical in China and Japan. Assume that China is labour abundant and Japan is capital abundant. Assume that production of clothing is labour intensive and production of automobiles is capital intensive.

a.Sketch the production possibilities frontier for China and Japan.Explain briefly why you drew them as you did.

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