The table below shows the number of hours required to produce a cellp

The table below shows the number of hours required to produce a cellphone and 1 litre of wine. The maximum number oflabour hours available for both countries is 3,600 hours. Use the following tables to answer the questions below. Table 1: Number of hours for each product Wine (One Litre) Cell Phone Spain Finland 20 hours 5 hours 18 hours 4 hours Table 2: Production and Consumption Without Trade Wine (Litres 396 Cell Phone 81 Spain Finland 90 495 a) Which of the two countries has/have absolute advantage in the production of cellphones and/or wine? b) Which of the two countries has/have comparative advantage in the production of cellphones and/or wine? c) Draw the production possibility curve for both Spain and Finland d) If the two countries decide to trade at 40 litres of wine for 9 cellphones, determine the gains from trade. e) With the aid of suitable graphs, briefly explain how governments use either a tariff or quota to protect domestic producers

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