Comparative Advantage [ Replace this area with the Production Decisions graph.] Figure 1.1 [ Replace this area with the Production and Trade graph.] Figure 1.2 [Insert your responses to the following questions: How does this simulation demonstrate how individuals evaluate opportunity costs to make business cisions? Use the Production Decisions graph from the simulation as a reference to explain what role the production-possibility frontier (PPF) has in the ecision-making process.] [Explain how comparative advantage impacts a firm's decision to engage in trade. Would a business's decision to trade cause a change to its PPF? Provide specific reasoning to support your claims.] Competitive Markets and Externalities [ Replace this area with the Supply and Demand chart.] Figure 2.1 [ Replace this area with the Outcomes by Market table.] Figure 2.2 following questions: What impact do policy interventions have on the supply and demand equilibrium for a product