The Czech Republic recently joined the European Union (EU) and faces intense import competition from other EU members, such as France. Suppose you have the following data on labor productivity for footwear and beef production in the Czech Republic and France. Assume that footwear and beef production are measured in constant dollars reflecting the value of the products. Use the Ricardian model to analyze possible effects on each country's footwear and beef industries when answering the questions that follow. Sales per Employee Footwear Beef Country (Dollars per year) (Dollars per year) The Czech Republic 39,000 19,500 France 78,000 31,200 The table suggests that France has an absolute advantage over the Czech Republic in and a comparative advantage in The table suggests that wages in the Czech Republic are in France. As a result of the Czech Republic's joining the EU, employment in the Czech Republic is likely to fall in True or False: The degree of openness of the Czech economy will have a negligible impact on the level of employment. True False