C.) Assume the tot are such that 1X is = to 1Y. Draw in the \"trade line\" and create numbers such that both countries gain from trade. Label these points C and note the imports and exports. (1.) Now assume world demand for X rises. What happens to the terms of trade for \"South\"? for North? Show how the gains from trade for each country are affected. To make it \"simple\" assume that the quantity of X that is exported (and imported) does not change (you do not have to calculate numbers)