Question 2 Consider two countries, the United States and Canada, that each produce only two goods, lumber and steel. Each country in endowed with a specific amount of labor and has a unit labor requirement for producing each product. The figure below depicts each country's PPF. PPF, is the United States' PPF, and PPF is Canada's PPF. 140 Quantity of Steel 120 100 40 ..L... .. ....... 20 ...... PPFJ........ ..PPF 20 40 60 80 100 120 140 Quantity of Lumber Part (i): Which country has the absolute advantage in the production of lumber? Part (ii): Which country has the absolute advantage in the production of steel? Part (iii): Which country has the comparative advantage in the production of lumber? Part (iv): Which country has the comparative advantage in the production of steel