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The cut off part at the bottom is (i.e., what good will each country export and what will it import?). Thanl you so much. 4.

The cut off part at the bottom is (i.e., what good will each country export and what will it import?). Thanl you so much.

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4. Suppose that the US and France produce only 2 goods: cloth and wine. The table below shoes the number of hours necessary to produce one unit of each good in both countries. Cloth Wine US 3 hours 6 hours France 9 hours 9 hours I. Explain, using the data provided in the table, what the difference is between "absolute" and "comparative\" advantage. ll. Assume that France and the US engage in free trade. What will the pattern of international trade be He. what good will each countrv export and what will

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