Use the information in the following table on labor productivities in Spain and Italy to answer questions a through i. Output per hour worked Spain Italy Wine 4 liters 2 liters Suits 0.4 0.8 a. The absolute advantage in wine is held by Spain and the absolute advantage in suits is held by Italy '. b. The relative price of wine in Spain is .1 suits (round to one decimal place) and the relative price of wine in Italy is .4 suits (round to one decimal place). c. The opportunity cost of wine in Spain is .1 suits (round to one decimal place) and the opportunity cost of wine in Italy is .4 suits (round to one decimal place). d. The comparative advantage in wine is held by Spain' and the comparative advantage In suits is held by Italy e. The trade price of wine has an upper bound of .4 suits (round to one decimal place) and a lower bound of .1 suits {round to one decimal place}. f. Assume Spain has 10 hours it can allocate toward the production of wine and suits. Carefully follow the steps below to draw the required objects on the gure to the right. 1.} Using the line drawing tool. draw Spain's PPC given the data above. (HINT; start your PPC on the vertical axis at 40.) Properly label your line. 2.} Using the point drawing tool, assume Spain produces according to its comparative advantage and identify its production point. Label this point A. 3.} Using the line drawing tool. given the trade price of suits is five liters of wine per suit. draw the trade line showing how Spain can gain from trade. Properly label your line. Wine 45 4o 35 30 Spain 10' on