These questions help you review the Introduction and the Ricardian model. For each statement, determine whether it's T/F, and then explain why.

Morginat Product ofLabor Labor Force Shirts Apples Home EELS = 2 MPLA = 5 L =10!) Foreign REL; = I WLA\" = 2 L\" = 240 For Questions 12-15 beiow, etssasoethatPEa\"\"1313:anIF = MES. 12. Graph the Home country's CPF under free trade. Please label both intercepts and the slope. You can either draw a new picture, or in the same picture as question 5 above. (4 points). 13. The real wage for shirts in the Home country is 25311. 14. The ratio of the Home country's wage to the Foreign country's wage is 225. 15. The Foreign country's trade balance (TB) is 0