1. What would should France or the US do in this scenario. The United States has a tremendous comparative advantage over France in the production of medical equipment.This means that if France and the U.S. want to promote efficient economic policies and help with the current pandemic:

1. The French government should impose tariffs on medical equipment coming from the United States in order to protect jobs in this sector of its economy.
2. The United States should engage in predatory pricing in order to maintain its advantage in this field.
3. France should seek reciprocal trade agreements with the U.S. that leads to France relying on the U.S. for medical equipment.
4. France should attempt - at any cost - to become more self-reliant in the production of medical equipment.