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Question 4 [25 points] The following are hypothetical production possibilities tables for Germany and China. Gemany's Production Possibilities Table China's Production Possibilities Table (Millions of bushels) (Millions of bushels) C C D Peaches 40 BO 120 Peaches 10 20 30 Apples 20 Apples 120 80 40 When plotting lines on the graph, select which line you want to plat from the drop down menu at the top of the graph. For each line required, plot any two or more points on the line. a) Plot Germany's production possibilities curve by plotting at least 2 points on the curve. . Germany's Production Possibilities Curve 270 240 210 190 Peaches [millions of bushels) 150 120 90- 45 60 75 90 106 120 145+ Reset Apples (millions of bushels) bj Plat China's production possibilities curve by plotting al least 2 points on the curve on the graph above. C) What is each country's cost ratio of producing Apples and Peaches? Germany : 0 Apples = 0 Peaches China : 0 Apples = 0 Peaches dj Which nation should specialize in which product? Germany : (select one) China : (select one] 8) Plot Germany's trading possibilities curve (by plotting at least 2 points on the curve) if the actual terms of the trade are 1 apple for 2 peaches. I) Plot China's trading possibilities curve (by plotting at least 2 points on the curve) if the actual terms of the trade are 1 apple for 2 peaches. !) Suppose that the optimum product mixes before specialization and trade were C in Germany and B in China. What are the gains from specialization and trade? Apples : Peaches : 0