The table below presents the labor required to produce salami and toys in the Republic of Genoa and Schaumburg-Lippe. The Republic of Genoa develops a new technology that allows it to produce toys with half as much labor as shown in the table. If the Republic of Genoa and Schaumburg-Lippe choose to specialize and trade after the Republic of Genoa adopts the new technology, which of the following is true? Hours needed to produce Hours needed to produce 100 salami 100 toys Republic of Genoa 70 100 Schaumburg-Lippe 144 60 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a If they trade, the Republic of Genoa will be able to rotate its PPF out and acquire more salami. b If they trade, the Schaumburg-Lippe will be able to rotate its PPF out and acquire more salami. c They are unlikely to see any gains from trade. d The Republic of Genoa now has an absolute advantage in both goods and does not benefit from trade