This exercise applies the basic Ricardian model of one factor and two goods. The table below contains the unit labor requirements in Foreign and Home for each of two goods. where: aLC=numberoflaborhoursneededtoproduceaunitofcandyinHome;aLW=numberoflaborhoursneededtoproduceaunitofwhiskeyinHome;aLC=numberoflaborhoursneededtoproduceaunitofcandyinForeign;aLW=numberoflaborhoursneededtoproduceaunitofwhiskeyinForeign;PC=theabsoluteormoneypriceofcandyonworldmarkets;PW=theabsoluteormoneypriceofwhiskeyonworldmarkets. As long as the world equilibrium relative price (PC/PW) lies between 0.33 and 1.2 gallons, the two countries will specialize, with all Foreign workers producing In the post-trade equilibrium the wage of workers in Foreign relative to the wage of workers in Home will lie between A. 0.83 and 3 . B. 0.33 and 3 . C. 1.2 and 0.83 . D. 2 and 5 . This exercise applies the basic Ricardian model of one factor and two goods. The table below contains the unit labor requirements in Foreign and Home for each of two goods. where: aLC=numberoflaborhoursneededtoproduceaunitofcandyinHome;aLW=numberoflaborhoursneededtoproduceaunitofwhiskeyinHome;aLC=numberoflaborhoursneededtoproduceaunitofcandyinForeign;aLW=numberoflaborhoursneededtoproduceaunitofwhiskeyinForeign;PC=theabsoluteormoneypriceofcandyonworldmarkets;PW=theabsoluteormoneypriceofwhiskeyonworldmarkets. As long as the world equilibrium relative price (PC/PW) lies between 0.33 and 1.2 gallons, the two countries will specialize, with all Foreign workers producing In the post-trade equilibrium the wage of workers in Foreign relative to the wage of workers in Home will lie between A. 0.83 and 3 . B. 0.33 and 3 . C. 1.2 and 0.83 . D. 2 and 5