Let LA: 100; LB= 200; aLx =5; a\": 4; bL-X = 10; and but = 8. (a) Draw the production possibilities frontier for each country. Be sure to label careJlly. In autarky, what would be the relative price of each good in each country? Why? [4 marks] [b] Which country has an absolute advantage in which good(s)? Why? What would the theory of absolute advantage predict about the direction of trade? Why? If free trade according to absolute advantage were allowed, what degree of productive specialization would occur? Why? [4 marks] (c) Answer the questions in part (b) for the principle of comparative advantage. [4 marks] (d) How do your answers in (b) differ from your answers in (c)? Why? [4 marks] (e) \"Trade between these countries will never be mutually benecial because country A clearly has an absolute advantage in producing both goods.\" Comment on the statement. Do you agree or disagree? Why? [4 marks]