This exercise applies the basic Ricardian model of one factor (labor) and two goods to the national economy of Home. Assume the following: a Subscript LS = number of labor hours needed to produce a unit of steel in Home; a Subscript LC = number of labor hours needed to produce a unit of calico in Home; Upper P Subscript Upper S = the price per ton of steel; Upper P Subscript Upper C = the price per bolt of calico. Part 2 Which of the following conditions signifies that workers in Home will all want to work in the steel sector? Part 3 A. Upper P Subscript Upper C/Upper P Subscript Upper Sgreater thana Subscript LC/a Subscript LS B. Upper P Subscript Upper S/Upper P Subscript Upper Cgreater thana Subscript LS/a Subscript LC C.a Subscript LC greater than a Subscript LS a Subscript LCgreater thana Subscript LS D.Upper P Subscript Upper C greater than Upper P Subscript Upper S Upper P Subscript Upper Cgreater thanUpper P Subscript Upper S