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2. Assume that the US and Canada are able to produce food and clothing using the following amounts of labor: Clothing 200 labor 150 labor

2. Assume that the US and Canada are able to produce food and clothing using the following amounts of labor: Clothing 200 labor 150 labor hours hours a. Which country has an absolute advantage in food? In clothing? Explain your answer. b. What is the opportunity cost of food in the US? c. What is the opportunity cost of clothing in Canada? (1. What are the autarky relative prices in the US and Canada? Explain your answer. 6. Which country has a comparative advantage in food? In clothing? Explain your

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