please answer the questions below

Part I. The Ricardian Model The following table shows the hours of labor required to produce 1 unit of each commodity in each country: Wheat Chiming United States 3 1111 9 111'. United Kingdom 4 h; 4 111: D 1. Which country has an absolute advantage in wheat? In clothing? Why? If trade takes place between the United States and the United Kingdom at a barter price of 1 unit of clothing for 2 units of wheat (or 1 unit of wheat for 1/2 unit of clothing), why does each country gain from trade? Explain. 2. Suppose that the United Kingdom has 500 hours of labor available to it. Prior to trade, the country is using 300 of those labor hours to produce clothing and the remaining 200 labor hours to produce wheat. How much wheat and how much clothing will the United Kingdom be producing in this Wsituation? (Because there is no trade, your answers will also indicate the amounts of wheat and clothing consumed in the United Kingdom prior to trade.) 3. Now suppose that the United Kingdom enters into trade with the United States at the previously indicated barter price of 1 unit of clothing for 2 units of wheat (or 1 unit of wheat for 1/5 unit of clothing). The United Kingdom now devotes all of its labor hours to clothing production (think about why isjhiisol. Suppose that UK exports 40 clothes and imports 80 wheat and keeps the remaining clothes for its own consumption. What will be the United Kingdom consumption of wheat and clothing in the trading situation? By how much has the United Kingdom, because of trade, been able to increase its consumption of wheat and its consumption of clothing ii'om Question 2? 4. Now assume that the United States has 600 hours of labor available to it and that, p1ior to trade, it is using 330 of those hours for producing wheat and the remaining 270 hours for producing clothing. How much wheat and how much clothing will the United States be producing (and therefore consuming) in this Wsituation? 5. Assume that trade between the United Kingdom and the United States takes place as in Question 3. With trade the United States devotes all of its labor hours to wheat. Consistent with the United Kingdom's trade in Question 3, the United States then exports 80 wheat and imports 40 clothes. What will be the United States consumption of wheat and clothing in the trading situation? By how much has the United States, because of trade, been able to increase its consumption of wheat and its consumption of clothing from Question 4'? Looking at your answers to previous questions, can you conclude that trade is indeed a positive-sum game? Why or why not? 6. Can you use the graph of PPF and CPF to illustrate graphically your conclusions from Question 5? Part 11. Data Mining and Reasoning 1. World Trade Organization provides a detailed analysis of the latest developments in world trade. Read WTO's most recent publication: World Trade Statistical Review 2020 and write a short essay to address the following questions: a. According to the report, what is the total value of world merchandise trade in 2019? Which country is the world's leading merchandise trader? b. What is total value of world trade in commercial services in 2019? Which country is world's leading commercial services trade in 2019? List the top ten world's leading traders of goods and services in 2019. c. d. Which country experienced the fastest growth in merchandise exports from 2008 to 2019? e f How did major export products change over the past ten years? How has the pattern of trade shift? 2. International Trade Administration US department of commerce reports the detailed data on U.S. exportsfimports with individual countries, geographic regions and trading & economic regions. a. Go online at: hptse.export.govltse/tsehomeaspx , click on \"National Trade Data\