Mukul Choudhary File Home Insert Design Arial BIU References Mailings Layout A' Aav 12 abe X 2 Font Review MPE711 Tl 2023 EolJA 27Apri12023 (1) - Word View Help Q Tell me what you want to do o Find ab Replace Select v Editing 5/06/2023 x OYO Cut Copy Paste Format Painter Clipboard 91 Paragraph AaBbCc] 11 Heading 1 AaBbC 11 Heading 2 AaBbCc] AaBbCc] 11 Heading 3 11 Heading 4 Styles AaBbCc1 11 Normal AaBbCc1 11 No Spac.. Question I. (This question has two parts a, b and c) Assume that Australia and Indonesia have the same labor supply and their Production Possibility Frontiers/Schedules are presented below. Figure l.a below shows the Production Possibility Schedules of country A and country B. Figure I.a Sugar (tons) 100 Australia Indo esia Part (a) Autos 120 Given the PPFs/PPSs of Australia and Indonesia in Figure I.a, please identify the opportunity costs in the production of sugar (S) and cars (C) in Australia and Indonesia. According to Adam Smith what would be the patterns of trade between Australia and Indonesia? Please be elaborate in your answer. Please show the condition for the price of rice in terms of cars in free trade such that both counties gain from it. 3 marks Page 2 of 9 2255 words & Accessibility: Investigate p Type here to search 200C