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4. Suppose that Cambodia and China have the following Production Possibilities Frontiers for two goods: rice and microchips. (10 points) Rice Cambodia Microchips a. Can
4. Suppose that Cambodia and China have the following Production Possibilities Frontiers for two goods: rice and microchips. (10 points) Rice Cambodia Microchips a. Can Cambodia produce at point A and point B? Can China produce at point A and B? Would China produce at point A or point B? (5 points) b. Should China trade with Cambodia despite being able to produce more of both goods? (5 points)
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