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3) Assume the leader of Jasonia meets the leader of Childsilvania at the island club. Pizza Beer 10 0 0 48. Childsilvania also can produce
3) Assume the leader of Jasonia meets the leader of Childsilvania at the island club. Pizza Beer 10 0 0 48. Childsilvania also can produce only beer and pizza, but their production possibilities are Pizza Beer 30 0 0 60 a. Which country has the absolute advantage in Pizza? b. Which country has the absolute advantage in Beer? c. How is it they can still gain from trade? d. Which country should specialize in the production of beer? Why? e. Suggest a trade, after specialization that would make both countries better off
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