Question: Marl Consider a simple Ricardian model in which two countries, Northland (NLD) and Southland (SLD), produce two goods, food (F) and clothes (C) using only

Marl Consider a simple Ricardian model in which two countries, Northland (NLD) and Southland (SLD), produce two goods, food (F) and clothes (C) using only labor. The unit labor requirement of each type of production is provided in the table below. Unit Labor Requirements Labor Endowment Food Clothes Northland 20 AN UI - Southland 80Now, suppose Northland and Southland are free to trade and that in the free-trade equilibrium the relative price of F is (PF/Pc) FT =1.5

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