The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums.

The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums. New Zealand's Production Possibilities Table Spain's Production Possibilities Table (Millions of Bushels) (Millions of Bushels) Production Alternatives Production Alternatives Product A B C D Product R S T U Apples 0 20 40 60 Apples 0 20 40 60 Plums 15 10 5 0 Plums 60 40 20 0 a. Plot the production possibilities data for each of the two countries separately. Show the trading possibilities lines for each nation if the actual terms of trade are 1 plum for 2 apples. Instructions: (1) Use the tools provided 'PPC NZ' and 'PPC SP' (plot 4 points each) to draw the PPC curves. (2) Use the tools provided 'ToT' in each diagram (plot 4 points each) to draw the trading possibilities lines for each nation. To earn full credit, you must correctly plot all points for each line.New Zealand Spain 80 Tools 140 120 Apples (millions of bushels) 60 PPC NZ TOT 80 40 20 Apples (millons of bushels) 100 60 40 20 0 5 10 15 20 25 30 35 40 0 10 20 30 40 50 60 70 80 Plums (millions of bushels) Plums (millions of bushels)