. Country A and Country B produce the sametwo products, hammocks and looms. Country Acan produce a maximum of 60 hammocks or 40looms, while Country B can produce amaximum of 40 hammocks or 20 looms.(a) What is the opportunity cost to produce a loomin terms of hammocks in Country A?(b) Which country has a comparative advantage inproducing looms? Explain.(c) Internationally, if 1 loom is traded for 1.75hammocks, who will benefit from trading:Country A only, Country B only, bothcountries, or neither country?(d) Assume there is international trade.(i) Can a country produce beyond itsproduction possibilities curve (PPC)?(ii) Can a country consume beyond its PPC?

answer; ///i believe the answer is (d) procedures to control the quailty of your product;

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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