Table 2 shows the endowment of labour and capital in Philippines and United States. Use the information in the Table 2 to answer the following questions below

Table 2 Capital Endowment Labour Endowment Capital/Labour (Billion $) (1,000 Persons) (Billion $ Per 1,000 Persons) Philippines 6.597 12,470 0.53 United States 785,933 76,595 10.26 a. Define factor abundance. (2 marks) b. Which country is labour abundant? Which country is capital abundant? Why? (2 marks) c. Assume that aircraft production is capital-intensive, and that apparel production is labour-intensive. i. Sketch the U.S. production possibilities frontiers for aircraft and apparel. ii. Sketch the Philippine production possibilities frontiers for aircraft and apparel iii. Explain why you drew them as you did. (4 marks) d. If tastes for aircraft and apparel are identical in the United States and the Philippines, which country has a comparative advantage in which good? Explain your answer. (2 marks) e. Illustrate the autarky and unrestricted-trade equilibria for the two countries. (6 marks) f. Explain the trade pattern between the countries. (2 mark) g. What happens to the relative price of aircraft and apparel in each country when they open trade? (2 marks) h. What happens to the relative price of inputs (r/w) in each country when they open to trade? Explain. (3 marks) i. Based on your answer in (g) and (h), explain the factor price equalization theorem. (2 marks)