Assume a 2-nation, 2-good scenario whereby the only input available is labour and the terms of trade are 1 piece of pizza for 1 litre of wine.

Country	Pizza (pieces per hour)	Wine (litres per hour)
Italy	24	12
France	20	30

From the above table:

a. Explain and calculate what Italy's opportunity cost is for producing a kg of pizza.

b. Explain and calculate what France's opportunity cost is for producing a kg of pizza.

c. Explain who has comparative advantage in making pizza.

d. Calculate the mutual beneficial terms of trade.