Question 2 In response to the COVID-19 pandemic several countries restricted international travel, and some even restricted the international flow of goods. The game below depicts the bilateral trade policy between France and Germany. While each county is a member of the European Union, and is thus prohibited from restricting trade, the public health crisis has led some countries to abandon their commitments to the EU. You will examine the desirability of an EU policy prohibition closing borders. Below, you have the payoffs for each country if it chooses to close its borders to the trade of goods and services. Germany France Don't Close Border Close Border Close Border F: 660 billion Don't Close Border G20 billion F: 190 billion G270 billion G200 billion F: 160 billion Part (i): Identify the Nash Equilibrium of the game. Part (ii): Based on your analysis of this game, would each country prefer an EU policy that prevents all countries from closing their borders, or a policy that allows all countries to close their borders.