Use the information in the following table on labor productivities in Spain and Italy to answer questions a through f. Output per hour worked Spain Italy Wine 2 liters 4 liters Suits 0.5 4 a. The absolute advantage in wine is held by Italy and the absolute advantage in suits is held by Italy b. The relative price of wine in Spain is 0.25 suits (round to two decimal places) and the relative price of wine in Italy is 1 suit. c. The opportunity cost of wine in Spain is 0.25 suits(round to two decimal places) and the opportunity cost of wine in Italy is 1 suit. 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 1 suit and a lower bound of 0.25 suits (round to two decimal places). f. Assume Spain has 20 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. 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 the trade price of suits is two liters of wine per suit, draw the trade line showing how Spain can gain from trade. Properly label your line. Carelully follow the instructions above, and only draw the required objects. Spain 74 Wine 40 50 p we