QR) Suppose that in the absence of trade, Home consumes nine cars and two televisions, and Foreign consumes two cars and nine televisions. Draw the indifference curve for each country. Label the production possibilities frontier (PPF), the indifference curve (U1), and the no-trade equilibrium consumption and production for each country. Label Home and Foreign's no-trade consumption points as A and A*, respectively. 5. Now suppose the world relative price of cars is PC /Pn, : 1. a. What good will each country specialize in? Briefly explain why. b. Graph the new world price line for each country in the figures in problem 4, and add a new indifference curve (U2) for each country in the trade equilibrium. c. Label the exports and imports for each country. How does the amount of Home exports compare with Foreign imports? d. Does each country gain from trade? Briefly explain why or why not