moodle.nait.ca C Homework Help - Q&A from Online Tutors - Course Hero The following tables describe the hypothetical PPC (pr.. BACK TO MYNAIT 10 The following tables describe the hypothetical PPC (product possibility curves) for Canada and Brazil for chemicals and soyabeans (both in millions of tonnes). Before trade Canada produce at point C and Brazil at point B. out of Brazil A B C D E F Chemicals 200 160 120 80 40 Soyabeans 0 100 200 300 400 500 Canada A B C D E F Chemicals 1000 800 600 400 200 O Soyabeans 0 100 200 300 400 500 In Canada the opportunity cost of 1 unit of chemicals is 0.5 soyabean. In Brazil the opportunity cost of 1 unit of soyabeans is 2.5 chemicals. Canada has a comparative advantage in and therefore should import Assume each country specializes in their area of comparative advantage. For trade to occur what will be the limits of the terms of trade for 1 uint of soya? chemicals. The countries decide to trade 200 units of chemicals for 300 units of soyabeans. Fill in the following table: Country/ Trade Gains in Before Trade Specialization After Trade MacBook Pro