Question: 2. Answer questions according to the following table using absolute advantage trade theory and comparative advantage trade theory. (30 points) Labor productivity (MT/L) Wheat Corn

2. Answer questions according to the following

2. Answer questions according to the following table using absolute advantage trade theory and comparative advantage trade theory. (30 points) Labor productivity (MT/L) Wheat Corn India 1.0 1.6 China 0.8 1.0 (1)What is absolute advantage trade theory and comparative advantage trade theory? (10 points) (2)Indicate the absolute advantage product of each country, and explain how you can get the results. (5 points) (3)Indicate the comparative advantage product of each country, and explain how you can get the results. (10 points) (4)According to comparative advantage trade theory, what should be traded between India and China? (5 points)

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