4. Refer to Table 2.

This table shows the production possibilities for Greenland and Iceland. Each country produces two goods, snow cones and popsicles.

Table 2.

Snow Cones - Greenland = 240/ Iceland = 270

Popsicles - Greenland = 200/ Iceland = 180

a. Which country has an absolute advantage in the production of Snow Cones?

b. Which country has an absolute advantage in the production of Popsicles?

c. What is Greenland's opportunity cost of producing one Snow Cone?

d. What is Iceland's opportunity cost of producing one Snow Cone?

e. What is Greenland's opportunity cost of producing one Popsicle?

f. What is Iceland's opportunity cost of producing one Popsicle?

g. If each country specializes in the production of the product in which it has a comparative advantage, who should produce Snow Cones?

h. If each country specializes in the production of the product in which it has a comparative advantage, who should produce Popsicles?