QUESTION 4 a) The table below shows the outputs produced by two nations before specialization Nation Computer Handphone A 600 1800 H B 1400 800 i. In the production of which good does Nation A and Nation B has an absolute advantage? (3 marks) ii. Calculate the comparative advantage of producing both products (3 marks) ili. Which Nation should specialize in the production of computers and handphones? (1 mark) iv. Which Nation should import computers and export handphones? (2 marks)ili. Which Nation should specialize in the production of computers and handphones? (1 mark) iv. Which Nation should import computers and export handphones? (2 marks) b) The table below shows selected entries from the Balance Payments of Country Zzz, for the year 2020 and 2021 H Year 2020 (million) 2021 (million) Overall balance 50, 859 (70,000) Official reserve accounts (60,563) 20.674 i. Does the overall balance show a situation of deficit or surplus for the year 2020 and 2021? (3 marks) ii. Explain the effect on official reserve accounts for the year 2020 and 2021