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please be detailed! PROBLEM 1 (5 POINTS) 1. Germany and Argentina are trading beef and tractors. Their output per hour of labor for each product

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PROBLEM 1 (5 POINTS) 1. Germany and Argentina are trading beef and tractors. Their output per hour of labor for each product is indicated below. Products Argentina Germany Beef 14 6 Tractors 8 5 a) Graph the production possibilities for Argentina and Germany for their production of beef and tractors. (1 POINTS) b) Which country has the comparative advantage in beef? In tractors? Describe why. (2 POINT) c) What is the range of possible exchange rates? Provide the ranges in both beef/tractors and tractors/beef. (2 POINTS)

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