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1. Below are hypothetical production possibilities tables for Australia and the US. Each country can produce sugar and wheat. Australia's Production Possibilities Table (Millions of Bushels) Production Alternatives Product Wheat Sugar Product Wheat Sugar a. b. c. 30 3.33 14 c 6.67 10 US's Production Possibilities Table (Millions of Bushels) Production Alternatives D 10 D 60 30 10 13 c 20 10 Plot the production possibilities data for each of the two countries separately. Which nation should specialize in which product? Why? Illustrate the gains from trade. 2. What are the sources of comparative advantage? 3. What are the sources of comparative advantage of your individual country?