In a column in the Wall Street Journal, the business historian John Steele Gordon notes that "the U.S. sells Bangladesh movies and buys its T-shirts. Both nations are better off. Both are richer because of the trade." Source: John Steel Gordon, "The United States of Free Trade,"Wall Street Journal, September 21, 2018. a. For this trade to happen, what must be true of the opportunity cost of making movies in the United States compared with the opportunity cost of making them in Bangladesh? O A. The opportunity cost of making movies must be the same in the United States and in Bangladesh. O B. The opportunity cost of making movies must be lower in the United States than in Bangladesh. O C. The opportunity cost of making movies must be lower in Bangladesh than in the United States. O D. The opportunity cost of making movies must be higher in the United States than in Bangladesh. b. Can we be certain that T-shirts can be manufactured using fewer hours of work per T-shirt in Bangladesh than in the United States? Briefly explain. O A. Yes, since Bangladesh has a comparative advantage in making T-shirts, it also has an absolute advantage in making them. O B. No. while Bangladesh has an absolute advantage in making T-shirts, it may not have a comparative advantage in making them. O C. No. while Bangladesh has a comparative advantage in making T-shirts, it may not have an absolute advantage in making them. O D. Yes, since Bangladesh has an absolute advantage in making T-shirts, it can manufacture them using fewer hours of work.In 2021, an editorial on bloomberg.com criticized President Biden's expansion of the federal government's Buy American policy. The editorial argued that such barriers to free trade "are a proven failure when it comes to promoting good jobs and raising living standards. Other policies-especially investing in skills, mobility. innovation and infrastructure-would be vastly more effective." Source: Editorial Board, "The New 'Buy American' Is Bad News for Americans," bloomberg.com, January 29, 2021. a. How did the Trump and Biden administrations expect that interfering with trade would promote good jobs and raise living standards? O A. U.S. consumers would pay less for imported goods, increasing worker standard of living. O B. Domestic firms and their workers would benefit from the limited competition from foreign firms. O C. U.S. consumers would pay less for domestically produced goods and thus purchase more of these goods. O D. Any costs associated with these barriers would only affect foreign producers and consumers. b. What evidence is there to support this editorial's assertion that such measures are "proven failures"? O A. Since domestically-made goods are of higher quality than imports, these polices do not change the federal government's purchasing habits. O B. Most American companies that benefit from these policies will not hire more workers. O C. Many studies have found that restrictions on international trade result in higher consumer prices and deadweight losses in markets affected by the restrictions. O D. Jobs created by these policies are low paying and temporary, so there are no real gains to such policies