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YOUR TURNI GRADED Name or W #: Economics as A Social Science 1. (16 points total), Suppose the world consists of two countries: China and the USA. Each country uses its resources to produce two goods only (shown in the table below). Assume that within each country, resources are perfect substitutes, The table below presents each country's monthly production possibilities. Country Production Possibilities Agricultural Goods (pounds) Steel (tons) China 100,900 10,090 USA 96,000 6,000 a. (2 pt.). Graph the China's PPC b. (2 pt.). Graph the USA's PPC C. (2 pts.). For each country, calculate the per unit opportunity cost of each product. Per Unit Opportunity Cost Country Agricultural Goods Steel China USA d. (2 pts.). What should each country specialize in? Be careful. Your answer must be grounded in comparative advantage as determined in part (c). China should specialize in: The USA should special in: Social Science (SS) Learning Outcomes (LO) 1, 2, and 3