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Nation X Nation Y co 10 Steel Steel 10 Wheat Wheat Part 1. The opportunity cost for 1 unit of wheat in nation Y is

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Nation X Nation Y co 10 Steel Steel 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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