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lnauthorlzed copyln or reuse oi mums p... sinus-h GO on TO THE NEXT PAGE. . .1 a. 3. Country A and Country B produce the same two products, hammocks and looms. Country A can produce a maximum of 60 hammocks or 40 looms, while Country B can produce a maximum of 40 hammocks or 20 looms. (a) What is the opportunity cost to produce a loom in terms of hammocks in Country A? (b) Which country, if either, has a comparative advantage in producing looms? Explain. (c) IntematiOnally, if 1 loom is traded for 1.75 hammocks. who will benefit from trading: Country A only. Country B only, both countries, or neither country? (d) Assume there is international trade. (i) Can a country produce beyond its production possibilities curve (PPC) ? (ii) Can a country consume beyond its PPC