Question 3 (1 point) In Extrastan, in one day, people can make 5 yards of cloth or 10 reams of paper. In Scrantonia, people can make 10 yards of cloth or 30 reams of paper. Who has the absolute advantage in paper? In cloth? A Question 4 (1 point) Saved Using the data on Extrastan and Scrantonia, who has the comparative advantage in paper? In cloth? Show your work. Question 5 (1 point) Using the data on Scrantonia and Extrastan, what would be a fair exchange rate of paper for cloth that would make both parties want to trade? Be sure to indicate who is producing what and to explain how you arrived at the exchange rate. Paragraph B 1 Uv A +