Problem 1. Suppose there are two countries, Uruguay alld Callada for example, ulat are capable of producing two goods, say Corn and Beef. The amount of labour in Canada is 240 and the amount of labour in URUGUAY is 180. The amount of labour needed to produce a tonne of each commodity is given in the table below. (37 pts) Type of good Corn Beef Uruguay 6 Country Canada 2 CO a) Which country has a comparative advantage in the production of Beef? Circle URUGUAY, CANADA, or NEITHER. (2pts) b) What is the autarky price ratio PC /PB in each country assuming both goods are consumed? (4 pts) Autarky price ratio in URUGUAY Autarky price ratio in CANADA