Please solve these questions:

Question 1: Indicate True {T} or False [F1 for the following questions, and explain it [for each) l_' 1. If a society wishes to achieve high degree of efficiency, than it must also accept a high level of inequality. Trade allows countries to specialize in what they do best and to enjoy a greater variety of goods and services. If a certain trade is good for one person, it can't be good for the other one. Two countries can achieve gains from trade even if one ofthe countries has an absolute advantage in the production of all goods. Question 2: An average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in 60 minutes, while an average worker in Peru can produce an ounce of soybeans in 50 minutes and an ounce of coffee in 75 minutes. Each country has 4,500 minutes available as the only resource. a. Who has the absolute advantage in coffee? b. who has the comparative advantage in coffee? c. If the two countries specialize and trade with each other, who will import coffee