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.r 6.1 David Ricardo's example of international trade considered two countries (England and Portugal) and two goods (wine and cloth). The following table describes the

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.r 6.1 David Ricardo's example of international trade considered two countries (England and Portugal) and two goods (wine and cloth). The following table describes the number of hours needed to produce a given number of units of the good in question in the respective countries. Cloth Wine England 4 8 Portugal 4 2 a} Which country has an absolute advantage in producing cloth? Which country has an absolute advantage in producing wine? b} What is the opportunity cost of producing cloth in England? What is the opportunity cost of producing cloth in Portugal? Which country has a comparative advantage in producing cloth? c) If the two countries are allowed to trade, what will Portugal export

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