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The table above shows the number of hours required to produce one bushel of cotton and one bushel of wheat for Jefferson and Franklin. If each person specializes according to his comparative advantage(s). Jefferson should produce both goods. neither good. wheat. cotton. The table above shows the number of hours required to produce one bushel of cotton and one bushel of wheat for Jefferson and Franklin. If each person specializes according to his comparative advantage(s) and trades with the other, a mutually beneficial price ratio (terms of trade) is: 1 cotton = 3 wheat 1 cotton = 2 wheat 1 cotton = 2.5 wheat 1 cotton = 1.5 wheat