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a.Assume no trade between Russia and Austria. If each country put 50% of their production units into each product, what will be the total number

a.Assume no trade between Russia and Austria. If each country put 50% of their production units into each product, what will be the total number of snowboards and digital cameras produced by the two countries?

b.If each country specializes in their production with Austria producing only digital cameras and Russia producing only snowboards, at a trading rate of three snowboards per digital camera, how many cameras and snowboards will be available to be consumed in Austria if they trade 3,000 cameras to Russia?

c.Explain briefly about the importance of international trade with reference to comparative advantage.

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