Question: Need help answering these two questions. Please use a diagram to help me visualize. Thank you! A1. State the Law of Comparative Advantage in the
Need help answering these two questions. Please use a diagram to help me visualize. Thank you!

A1. State the Law of Comparative Advantage in the neoclassical framework. Using simple diagrams, explain why it is true. Do the sizes of the trading economies matter? A2. Explain why in the neoclassical theory the offer curve ofa county (a) passes through the origin; (b) is in the first and third quadrants only if there is no intemational transfer or no international factor movement; (c) bends backward. How is the elasticity of a country's import demand related to the slope of its offer curve (whether it bends backward)
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