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155/quizzes/324446/take/questions/6538744 1. Ricardian Model Given the following Classical-type table showing the number of days of labor input required to obtain one unit of output of

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155/quizzes/324446/take/questions/6538744 1. Ricardian Model Given the following Classical-type table showing the number of days of labor input required to obtain one unit of output of each of the two commodities in each of the two countries: Labor Requirement Table for US and UK Shirts Brandy United States 5 days 5 days France 6 days 12 days 1) [ Select ] has an absolute advantage in shirts, while [ Select ] has an absolute advantage in brandy. 2) The U.S. autarky price ratio is 1 shirt = [Select ] brandy. The France's autarky price ratio is 1 shirt = [ Select ] v brandy. 3) United States should export [ Select ] to France, and import [ Select ] ~from France. 4) [ Select ] benefits more from the international trade when the terms of trade is at 1 shirt = 1 brandy. 28 MacBook Pro

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