Question 3 [This question has three parts: (A), (B) and (C)] Part-A Assume that with one unit of production China can produce 20 TVs or 16 tons of iron-ore, while Australia can produce 12 TVs or 24 tons of iron-ore. Assume further that each country dedicates a total of 1000 units of production for TVs and iron-ore. Do you think there can be a scenario where one country (either China or Australia) can have both absolute advantage and comparative advantage? (3 marks) Part-B Is there any reason to believe that Multinational Companies (MNCs) may be less risky than purely domestic firms? Explain. (3 marks) Part B What are the basic reasons for the existence of the Eurodollar market? What factors have accounted for its growth over time