Question: answer part b Two goods, two countries Ricardian Question (50%) There are two goods: chips and fish and two countries: Japan and Canada; Japan has

 answer part b Two goods, two countries Ricardian Question (50%) There

answer part b

are two goods: chips and fish and two countries: Japan and Canada;

Two goods, two countries Ricardian Question (50%) There are two goods: chips and fish and two countries: Japan and Canada; Japan has unit labor requirements for both equal to 2; Canada has unit requirements for fish of4 and 2 for chips. Assume tastes are identical across consumers and identical across countries. Assume they are Cobb-Douglas preferences with the share of income spent on fish being B

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