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Question: 4 7 points assume that two countries japan and sweden...

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4. (7 points) Assume that two countries, Japan and Sweden, can alternate between producing car parts and aircraft parts at a constant rate. Table 2 shows the number of parts per day that each country can produce. Table 2: Production Possibilities (Industrial) Car Aircraft Japan 250 Sweden 100 150 300 (a) Draw and label the PPFs for Japan and Sweden (with car parts on the horizontal axes (b) Suppose that each country divides its resources evenly between the production of car craft parts? (1 point) (c) Suppose that each country decides to specialize entirely in the production of the good in and aircraft parts on the vertical axes 2 points) the parts and aircraft parts. If the countries choose not to trade, what is the total world production of car parts and which it has a comparative advantage. By specializing, what is the total world production of car parts and aircraft parts? (1 point
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