You are given labor hours for two countries, USA and Japan.

LIST opportunities USA JAPAN

cost below

wheat (y axis) 500. 120

computer (x axis). 50. 24

draw production possibilities curves for each country showing the following labels: wheat, computer, midpoint, extreme points, and PPC for each country.

draw production possibilities curve with both countries in the same graph with the following labels: wheat, computer, terms of trades, extreme points, and PPC for each country.

which country has the absolute advantage in producing computers?

which country has comparative advantages in producing wheat?

show in the above table, the opportunity cost of producing computers and wheat in each country.

which country should specialize in producing wheat? Computers?