1. (Ricardian Model, Chapter 2) Consider a Ricardian are two countries, the U.S. and China. Each country can produ Assume the US has 300 workers and China has 900 workers. Labor Productivity by Countr United States Shirts 6 shirts/day Food 15 bushels/day a) Which country has the absolute advantage in shirts?; in food What is the opportunity cost of producing food in the cost of producing shirts in the U.S.?; in China? b)Derive and sketch the production possibility frontier for each i Assume that, prior to trade, the U.S. produces 900 shi produces 2,250 shirts and 900 bushels of food. Show 1 each country, to increase total world output of both go