6. Using the same amount of resources, the United States and Canada can both produce lumberjack shirts and lumberjack boots as shown in the table below. Suppose that both countries are currently not engaging in trade and each of them is producing and consuming three pairs of boots and three shirts. {4 points] United States Canada Lumberjack shirts Lumberjack boots Lumberjack shirts Lumberjack boots A 12 D 5 0 B 3 3 3 3 C O 4 D 5 A. In the United States, what is the opportunity cost of one shirt and one pair of boots? Show the cost calculation below. a. 4 boots; lf3 of shirt b.1f'3 boots; 3 shirts c.1 boot; 3 shirts d. M of boots; 1 shirt B. In Canada, what is the opportunity cost ofone shirt and one pair of boots? Show the cost calculation below. a. 1 boot; 1 shirt b. 3 boots,' 3 shirts c. 1,1'301c boots; 1/3 of shirt C. Which country has a comparative advantage in the production of shirts? Why? a. The United States, lower opportunity cost b. Canada because of higher opportunity cost c. Canada because of lower opportunity cost d. The United States because of higher opportunity cost D. Which country has a comparative advantage in the production of boots? Why? a. The United States, lower opportunity cost b. Canada because of higher opportunity cost c. Canada because of lower opportunity cost d. The United States because of higher opportunity cost E. How should the two countries specialize in production, and how much of output should each produce they produce while specializing? a. Canada in shirt; 6 shirt and no boots; The United States in boots; 4 boots, no shirts. b. The United States in shirts; 12 shirts, 0 boots; Canada in boots, 6 boots, 0 shirts. c. Canada in shirts and boots producing 6 shirts and 6 boots. d. The United States in shirts and boots producing 12 shirts and 6 boots. c. Canada because of lower opportunity cost d. The United States because of higher opportunity cost E. How should the two countries specialize in production, and how much of output should each produce they produce while specializing? a. Canada in shirt; 6 shirt and no boots; The United States in boots; 4 boots, no shirts. b. The United States in shirts; 12 shirts, 0 boots; Canada in boots, 6 boots, 0 shirts. c. Canada in shirts and boots producing 6 shirts and 6 boots. d. The United States in shirts and boots producing 12 shirts and 5 boots. F. Refer to your answers from above. Should the United States and Canada trade? Why? (3. If trade is good for each country from the above, it must be good for everyone in each country\". True or false. Explain your answer to receive full credit. [1 point} TRUE { 1 FALSE! 1