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. Under which set of values (of X and Y) China will export cars? 0 X=7,Y=12.5 O X=10.5,Y=8.5 O X=5,Y=18 o X=8,Y=1O 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? O World relative price of olives coincides with the autarky price in Spain O Spain imports 70 units of olives O Italy has absolute advantage in production of both olives and ham O Compared to autarky, Italian workers receive higher real wage in terms of hamNone of the countries gain from trade in the Ricardian model when 0 One country is much larger than another 0 One country has comparative advantage in production of both goods 0 One country has absolute advantage in production of both goods 0 Countries have similar technologies