Question: NEED help with this question Use figure 4.3 below to answer the questions that follow. The production oftextiles is labour intensive and the production of

NEED help with this question

NEED help with this question Use figure 4.3 below to answer the

Use figure 4.3 below to answer the questions that follow. The production oftextiles is labour intensive and the production of computers is capital intensive. Figure 4.3 Nation 1's ppf Nation 2's ppf \\ Computers 3) Based on the production possibility frontiers in Figure 4.3, which nation is relatively capital abundant? (2 marks) b) Does the nation you chose in part a) necessarily have more capital? Give areason for your answer. (3 marks) c) Use the ppfforNation 1 in Figure 4.3 and community indifference curves to show the following. (5 marks) 1) A likely equilibrium in autarchy. Label it as A. ii) A likely production point after trade. Label it as P. iii)A likely consumption point aftertrade. Label it as C. iv) Exports. Show the distance. v) Imports. Show the distance

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