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Assume that the United States and India enjoy constant opportunity costs and the production possibilies shown in the table. United States 5 10 a] Which

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Assume that the United States and India enjoy constant opportunity costs and the production possibilies shown in the table. United States 5 10 a] Which country has an absolute advantage in pounds of peanuts? b} Use 1i1e table to calculate 1i1e opportunity costs for each good and each country. c} In which good would the United States specialize, and what range of terms of trade would be aoceptable? d} Draw a PPC for each country. placing pounds of peanuts on the yaxis and pecans on the xaxis. e] Choose any acceptable terms of trade to plot and label two points on the PPC. Explain how both countries are able to consume beyond their individual PPCs

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