Answering the following questions

D Question 1 1 pts Consider a Ricardian framework with two countries, France and Germany, and two products, beer and wine. In autarky, the relative price of wine is 1/3 in France, and 2/3 in Germany. At the trade equilibrium, O French workers receive higher real wage in terms of wine O there is no trade between France and Germany Germany imports beer O the world relative price of wine can be any value from 1/3 to 2/3, depending on the relative size of the countries. D Question 2 1 pts Consider a Ricardian framework with two countries, China and USA, and two products, cars and textile. The following table shows the labour requirement (in hours) for the production of 1 and 2 in both countries. Cars Textile China X 6 USA 14 Y Under which set of values (of X and Y) China will export cars? O X = 8, Y = 10 O X = 7, Y= 12.5 O X = 5, Y = 18 O X = 10.5, Y = 8.5Question 3 1 pts Consider a Ricardian framework with two countries, Italy and Spain, and two products. olives and ham. In the trade equilibrium, Italy is exporting 100 units of olives. Which of these four independent scenarios is the least likely to be observed here? 0 Compared to autarkv, Italian workers receive higher real wage in terms of ham 0 Spain imports 70 units of olives O Italyr has absolute advantage in production of both olives and ham 0 World relative price of olives coincides with the autarky price in Spain Question 4 1 pts None of the countries gain from trade in the Ricardian model when 0 One country is much larger than an other 0 Countries have similar technologies 0 One country has absolute advantage in production of both goods 0 One country has comparative advantage in production of both goods D Question 5 1 pts The table below shows the marginal product of labour in two different products (shoes and toys) in two different countries (Vietnam and Indonesia). Shoes Toys Vietnam 24 12 Indonesia 9 6 Autarky relative price of shoes O 3/2 in Vietnam, and 2 in Indonesia O 2/3 in Vietnam, and 1/2 in Indonesia O 2 in Vietnam, and 3/2 in Indonesia 1/2 in Vietnam, and 2/3 in Indonesia