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Please graph it on paperthank you 1. Assume the following PPFs for China and Thailand a. Graph the PPFs depicted in the tables above b.

Please graph it on paperthank you
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1. Assume the following PPFs for China and Thailand a. Graph the PPFs depicted in the tables above b. Which country has an absolute advantage? Why? c. Which country has the comparative advantage in wheat? Why? d. Which country has the comparative advantage in cell phones? Why? e. Will specialization according to the principle of comparative advantage be complete or partial? Why? f. At what terms of trade would China and Thailand trade wheat for cell phones? 2. With the help of graphs, a. Show the welfare effects of an import tariff b. Show the welfare effects of an import quota c. Show the welfare effects of a voluntary export restraint

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