On the graph below, illustrate the effect of Chinese import-biased growth on the U.S. economy. Clearly label the production and consumption points. (Hint: Assume that China's growth in the semiconductor industry does not reverse the two countries' comparative advantages.) (4 points) On the graph below, illustrate the effect of Chinese import-biased growth on the U.S. economy. Clearly label the production and consumption points. (Hint: Assume that China's growth in the semiconductor industry does not reverse the two countries' comparative advantages.) (4 points)