X 26. With regards to the PPF diagram above, the downward arrows on the vertical axis demonstrate O a) a. absolute advantage Ob) b. the results of engaging in free and open trade O c) c. increasing opportunity cost O d) d. decreasing opportunity costPakistan Indonesia cashews cashews 150 240 320 cotton Cotton 27. Take a look at the PPFs for Pakistan and Indonesia. What is the opportunity cost of a unit of cotton for Indonesia? Oa) a. 5/8th of a cashews Ob) b. .625 cashews Oc) c. 3/8 of a cashew O d) d. .375 cashews240 320 cotton cotton 27. Take a look at the PPFs for Pakistan and Indonesia. What is the opportunity cost of a unit of cotton for Indonesia? O a) a. 5/8th of a cashews Ob) b. .625 cashews Occ. 3/8 of a cashew O d) d. .375 cashews Oe) e. both b and c Of) t. both o and dPakistan Indonesia cashews cashews lao 150 28. Take a 240 320 cotton Cotton look at the PPFs for Pakistan and Indonesia. Which country has the comparative advantage in cashews? O a) a. Pakistan Ob) b: Indonesia O c) c. Neither O d) d. Both240 320 Cotton cotton 29. Take a look at the PPFs for Pakistan and Indonesia. Which statement is correct after trade is opened? O a) a. Pakistan should export primarily cotton and Indonesia should import cashews Ob) b. Pakistan should export primarily cashews and Indonesia should import them O c) c. Pakistan and Indonesia should primarily import cashews and primarily export cotton Od) d. Neither country should trade because each has an absolute advantage and comparative advantage