Problem 1-4 (algorithmic) Question Help * Specialization. This problem lutrates an example of trade induced by comparative advantage. It assumes that China and France each have 1,000 production units With one unit of production (a mix of land, labor, capital, and technology), China can produce either 10 containers of toys or 8 cases of wine. 2 cases of toys or 8 cases of wine. Thus, a production unit in China is five times as efficient compared to France when producing toys, but equally efficient when France can produce either wine. Assume at first that no trade takes place. China allocates 800 production units to building toys and 200 production units to producing wine. France allocates 200 production units to building toys and 800 production units to producing wine. a. What is the production and consumption of China and France without trade? b. Assume complete specialization, where China produces only toys and France produces only wine. What would be the effect on total production? a. What is the production and consumption of China and France without trade? Calculate the production and consumption of China and France without trade below: (Round to the nearest integer) Production if there is no trade CHINA Allocated production units to Produces and consumes FRANCE Allocated production units to Produces and consumes Total production and consumption across both countries Toys