IBM 511 1. The table below show the total output of Lebanon and Cyprus in producing Smartphones and Apples. Smartphones Apples Lebanon 100 240 Cyprus 480 130 a. Which country has the absolute advantage in smartphones, and which has the absolute advantage in apples? b. Calculate Lebanon opportunity cost of smartphones in terms of apples. c. If the two countries were to specialize and trade with one another, which country would import smartphones? d. Assume the countries decide to specialize and trade settled on a trading price of 2 smartphones per apple or (140 Smartphones: 70 Apples). Explain how each country experiences gain or loss from trade.