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Number of Units Produced in One Hour Food Clothing England 20 Scotland 12 1. Each country works 10 hours per day. Create the PPF for

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Number of Units Produced in One Hour Food Clothing England 20 Scotland 12 1. Each country works 10 hours per day. Create the PPF for each country, showing the table as well as the graph. 2. Who has the Absolute Advantage in Food? in Clothing? How did you determine who has the absolute advantage? 3. What is the Opportunity Cost for England for What is the Opportunity Cost for Scotland for I unit of Food? 1 unit of Food? 1 unit of Clothing? 1 unit of Clothing? 4. Who has the Comparative Advantage in Food? in Clothing? How did you determine who has the comparative advantage? 5. England should specialize in production of and trade Scotland for Scotland should specialize in production of and trade England for 6. Prior to trade each country spends 5 hours a day producing each good (for a total of a 10 hr work day). Show how specialization and trade can make each country better off. 6a. Prior to trade or specialization: 6b. After specialization before trade: England: Food Clothing England: Food Clothing Scotland: Food Clothing Scotland: Food Clothing 6c. After specialization and trade: 6d. How much better off are they from part 1 to 3: England: Food Clothing England: Food Clothing Scotland: Food Clothing Scotland: Food Clothing 7. Illustrate on the graph of your PPF your answers to question 6a and 6c

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