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Help Nation X Nation Y Steel Steel O 0 10 Wheat Wheat Part 1. The opportunity cost for 1 unit of wheat in nation Y

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Nation X Nation Y Steel Steel O 0 10 Wheat Wheat Part 1. The opportunity cost for 1 unit of wheat in nation Y is |Number Part 2. The opportunity cost for 1 unit of Steel in nation Y is Number Part 3. The opportunity cost for 1 unit of wheat in nation X is Number Part 4. The opportunity cost for 1 unit of Steel in nation X is |Number For the following questions use the numeric answer key below (Answer 1, 2 or 3): 1 = Country X 2 = Country Y 3 = Neither Country Part 5. Which Nation has an absolute advantage in production of Steel |Number Part 6. Which Nation has an absolute advantage in production of Wheat |Number Part 7. Which Nation has a comparative advantage in production of Steel |Number Part 8. Which Nation has a comparative advantage in production of Wheat |Number Part 9. Which Nation should specialize in the production of steel Number 'Part 10. Which Nation should specialize in the production of Wheat Number

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