4. Elmira and Oswego form a two-country trading world in which four goods are produced: meat, fruit, wheat and corn. The countries share a common currency. Production of each good depends on only one factor of production, labor, and the wage paid to labor in Elmira is triple that paid in Oswego (i.e, WE=3WO). Therefore, Elmira will produce only one of the four goods and import the remaining three goods, while Oswego will produce the other three goods and import the fourth remaining good. True or false