Lesson 12 Assignment ECON 2302 (Homework #8) Show Your Work Canada Romania Product A B C D E Product A B C D E Tofu 120 90 60 30 0 Tofu 60 45 30 15 Bacon 0 10 20 30 40 Bacon 0 15 30 45 60 Prior to specialization, the optimal product mix is combination "B" in Canada and combination "D" in Romania. Should each country specialize? If yes, in which products? What is the total gain in tofu production? What is the total gain in bacon production?_ What are the limits to the terms of trade? If the actual terms of trade are 2 pounds of tofu for 1 pound of bacon, and 10 pounds of bacon are traded: How much of each product does each country get? What are the gains in each product for each country