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In a 2-country, 2-good model, we assume the 2 states-Futland and Tandam share a common currency, they both have the same wages, and they both

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In a 2-country, 2-good model, we assume the 2 states-Futland and Tandam share a common currency, they both have the same wages, and they both produce two goods: bicycles and boots. The units of labour requirement are shown below, assuming constant returns to scale. Production Techniques: Units of labour hour required per unit output Tandam Futland Bicycles 90 hours 120 hours Boots 30 hours 50 hours Based on the table above, Futland has an absolute advantage in both goods and a comparative advantage in Boots (and Tandam has a comparative advantage in Bicycles). Indicate whether the above statement is True or False, AND with a couple of sentences explain why

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