Problem 40-03 (algo) The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative B and for the United States is alternative U. China Production Possibilities Product A B C D E Apparel 60, 000 48, 000 36, 000 24, 000 Chemicals ( tons ) 12, 000 0 0 12 24 36 48 60 U.S. Production Possibilities Product R S T U V W Apparel 20, 000 16, 000 12, 000 8, 0000 Chemicals ( tons ) 4,000 0 0 8 16 24 32 40 Instructions: Enter your answers as whole numbers.Suppose that the actual terms of trade are 1,000 units of apparel for 11/2 tons of chemicals and that 8,000 units of apparel are exchanged for 12 tons of chemicals. What are the gains from specialization and trade for each nation? has a gain of|:| units of apparel. has a gain of|:| ton(s) of chemicals