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please answer all questions 2) U.S: Why or why not? Part III: Assume that it takes the nation of Whatsatmatu 2 minutes to make a

please answer all questions

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2) U.S: Why or why not? Part III: Assume that it takes the nation of Whatsatmatu 2 minutes to make a loaf of Pan Bimbo bread and 4 minutes to make a churro. The nation of Nunya, however, takes 1 minute to make a loaf of Pan Bimbo bread and 3 minutes to make a churro. A) Is this an input or output problem? Why? B) Put together a table showing the calculations needed to determine comparative advantage for this situation: C) Which nation has the absolute advantage in Pan Bimbo bread production? Why? D) Which nation has the absolute advantage in churro production? Why? E) Which nation has the comparative advantage in Pan Bimbo bread production? Why? F) Which nation has the comparative advantage in churro production? Why? G) What are the domestic terms of trade for each nation? - Whatsamatau: - Nunva: H) If the terms of trade are 1 Churro for 4 Pan Bimbo would trade be advantageous for: 1) Whatsamatau: Why or why not? 2) Nunva: Why or why not

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