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 (Millions of Bushels) Production Alternatives Product B D D Apples 0 0 20 40 60 Plums 15 10 5 0 Spain's Production Possibilities Table (Millions of Bushels) Production Alternatives Product R S T U Apples 0 20 60 Plums 60 40 20 0 0 40 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 tool 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. Your Graph Score: 50% Your Graph Score: 50% New Zealand Spain 80 140 120 PPC NZ PPC SP 60 100 80 Apples (millions of bushels) 40 Apples (millons of bushels) 60 40 20 20 0 0 5 10 20 30 40 50 60 70 80 10 15 20 25 30 35 40 Plums (millions of bushels) Plums (millions of bushels)