1. Assume that the comparative-cost ratios of two products—

baby formula and tuna fish—are as follows in the nations of Canswicki and Tunata:

Canswicki: 1 can baby formula  2 cans tuna fish Tunata: 1 can baby formula  4 cans tuna fish Inwhatpr oductshouldeachnationspecializ e? W hicho f the following terms of trade would be acceptable to both nations: ( a ) 1canbab yf ormula  212 cans tuna fish;

( b ) 1canbab yf ormula  1 can tuna fish; ( c ) 1 can bab y formula  5 cans tuna fish ? LO2