Trade Complete the following table which shows the output of rice and shoes per unit of labor for England and Portugal. 1. What country has and Absolute Advantage in the production of Shoes? [Ml Mr] 2. What country has and Absolute Advantage in the production of Rice? EMI Md Suppose each Country has 10 units of labor. Complete the following two tables. England Labor in Quantity Labor in uantity Rice of Rice Shoes of Shoes 1. Which country has and Comparative Advantage in the production of Shoes? (show your work). 2. Which country has and Comparative Advantage in the production of Rice? (show your work). 3. Suppose the Terms of Trade is set at 4 rice trade for 1 shoe. Draw the consumption possibilities curve for each country. 4. Briefly explain if England and Portugal will trade at a world price where four rice trade for one shoe