a. The Minister of Agriculture in an emerging market economy is concerned about the effects of trade liberalization on the agricultural sector. You are asked to explain some basic theoretical concepts and to support your explanation with hypothetical (or practical) examples. In particular, the minister wants to know how absolute advantage and comparative advantage theories can explain trade relationship. The minister is also interested in knowing the difference between the two theories, and why this difference is important to trade analysis. Provide a maximum of one page report to respond to the request. (8 Marks)