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Please help with this questions The following hypothetical production possibilities tables for China and Canada. Assume that, before specialization and trade, the optimal product mix

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The following hypothetical production possibilities tables for China and Canada. Assume that, before specialization and trade, the optimal product mix for China is alternative D and for Canada is alternative S. China Production Possibilities Product A B C D E F Apparel (in thousands) 80 64 48 32 16 O Chemicals (in tons 0 32 64 96 128 160 Canada Production Possibilities Product R S V W Apparel (in thousands) 240 192 144 96 48 Chemicals (in tons O 48 96 144 192 240 a. Are comparative cost conditions such that the two areas should specialize? (Click to select) ;) YES / NO If so, what product should each produce? China should produce ((Click to select) $ Options: Apparel / Chemicals Canada should produce (Click to select) ;) b. What is the total gain in apparel and chemical output that would result from such specialization? Instructions: Enter your responses as whole numbers. Apparel: units Chemicals: [tons c. What are the limits of the terms of trade? Limits of the terms of trade = [ units of apparel for 1 ton of chemicals and [ ] units of apparel for 2 tons of chemicals. Suppose that the actual terms of trade are 1 unit of apparel for 11/2 units of chemicals and that 32 units of apparel are exchanged for 48 units of chemicals. What are the gains from specialization and trade for each nation? Gain of ] units of apparel and tons of chemicals

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