Consider the following Ricardian model. Each worker in the Home country can produce 3 cars or 2 TVs. Assume that the Home country has 4 workers.

(1). Graph the PPF for the Home country. Label the axes.

(2). Suppose that in the absence of trade, the Home country makes 9 cars and 2 TVs. Add the indifference curve (U1) for the Home country to the figure above to show the no-trade equilibrium for the Home country.

(3). What's the price of cars relative to the price of TV under the no-trade equilibrium for the Home country?

(4). What is the real wage for TV in the no-trade equilibrium in the Home country?