the questions below. Do not forget to show all your calculation steps. 1. Answer the question(s) below based on the information in the following table, where the numbers represent the number of goods produced in an hour. (S: Soybean T: Textile) USA Germany 2 Soybean 6 Textile 3 4 P 1. Calculate the limits to the terms of trade (max and min. price for Ps/PT) (5 pts) 2. If 5S is exchanged with 5T calculate the gains from international trade in terms of goods and working hours for both dauntries (5 pts) 3. Suppose that wage rate in Germany WG, equals 12 per hour, and 16-1,405, then for mutually beneficial trade to occur, what should be the range for the wage rate in Germany when measured in Euros? (max and min for WG) (5 pts) 4. Suppose that wage rate in USA, WUSA, equals $24 per hour, and wage rate in Germany, WG equals 12 per hour, then for mutually beneficial trade to occur, what should be the range for the exchange rate between S and ? (max and min for e) (5 pts)