1. Gains from trade. (17 points) There are two countries in the world, China and the United States. The countries satisfy the assumptions of the Ricardian model of trade. The two countries produce two goods, aircraft and phones. The following table gives th amount a worker can produce per year of each good in each country Country Aircraft per worker per year Phones per worker per year China 200 United States 5 400 In each country there are 100 workers available for producing aircraft and/or phones. 1.1. Which country has a comparative advantage in phones? Explain. (2 points) 1.2. Fill in the blank: (1 point) If China is in autarky, and both goods are consumed, then an aircraft can be traded for _phones. 1.3. Explain your answer to the previous question. (2 points) 1.4. Once the two countries open to trade with each other, what is the possible range for the price of aircraft (in terms of the number of phones an aircraft can be exchanged for)? Explain. (2 points)