2. (Extension of Ricardian model to many goods) To illustrate how the model can be extended to more than two goods, consider the following example: Labor Productivity by Country and Good Shoes Shirts Watches Food Cell Phones United States 4 shoes/day 6 shirts/day 3 watches/day 15 bushels/day 8 phones/day Vietnam 6 shoes/day 5 shirts/day 1 watch/day 2 bushels/day 2 phones/day a) In which good(s) does the U.S. have an absolute advantage? In which good(s) does Vietnam have an absolute advantage? b) In which country is the opportunity cost of producing watches lower? If the answer is ambiguous, explain why. c) Find autarky relative prices in each country (for simplicity, express the price of each good in terms of food). d) If trade were allowed, what can you predict about the pattern of trade? (i.e., which goods the U.S. exports and which it imports)? Explain