3. Gains from trade Suppose there exist two imaginary countries, Glacier and Congaree. Their labor forces are each capable of supplying four million hours per day that can be used to produce shorts, almonds, or some combination of the two. The following table shows the amount of shorts or almonds that can be produced by one hour of labor. Country Shorts Almonds (Pairs per hour of labor) (Pounds per hour of labor) Glacier 12 24 Congaree 8 32 Suppose that initially Glacier uses 1 million hours of labor per day to produce shorts and 3 million hours per day to produce almonds, while Congaree uses 3 million hours of labor per day to produce shorts and 1 million hours per day to produce almonds. As a result, Glacier produces 12 million pairs of shorts and 72 million pounds of almonds, and Congaree produces 24 million pairs of shorts and 32 million pounds of almonds. Assume there are no other countries willing to engage in trade, so, in the absence of trade between these two countries, each country consumes the amount of shorts and almonds it produces. Glacier's opportunity cost of producing 1 pair of shorts is4 pounds of almonds, and