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France and the United States are looking to trade. Both countries produce either Boxed Wine orAngus Beef Steaks Here is the PPF information for each

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France and the United States are looking to trade. Both countries produce either Boxed Wine orAngus Beef Steaks Here is the PPF information for each country USA Wine: 300 Beef: 1200 France Wine: 800 Beef: 200 1. Which country should specialize in which product? 2. Before trade what would each country produce? {Remember 50% of each) 3. After specialization what would each country produce? 4. What are the ranges oftrade? 5. Trade to see if both countries benet. Tell me the numbers. Did they go beyond the PPF

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