The tables show combinations of two goods, steel and cloth, that can be produced in two nations ABC and RST.

In ABC

Steel

0

10

20

30

40

Cloth

100

75

50

25

0

In RST

Steel

0

20

40

60

Cloth

300

200

100

0

a.Using figures from the table plot each nation's production possibility curves on the back.Label each of the curves.

b.Which nation has anabsoluteadvantage in the production of cloth?_______ In steel? ______

c.Which nation has acomparativeadvantage in the production of cloth?______ In steel? ______

d.According to the Law of Comparative Advantage, nation _____ will export cloth and import steel.Nation _____ will export steel and import clot