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. Cheese Wine Home Lc 1 hour per pound LW - 3 hours per gallon Foreign c - 5 hours per pound w 4 hours per gallon Pc a number of labor hours needed to produce a unit of cheese in Home number of labor hours needed to produce a unit of wine in Home, number of labor hours needed to produce a unit of cheese in Foreign BC number of labor hours needed to produce a unit of wine in Foreign the absolute or money price of choose on world markets, = the absolute or money price of wine on world markets. As long as the world equilibrium relative price (PIP ) les between 0.33 and 1.25 galons, the two countries wil special with all Home workers producing In the post-trade equilibrium the wage of workers in Home relative to the wage of workers in Foreign will be between OA 133 5. OB. 0.2 and 5 OC 0.75 and 1.33 OD. Tad 4 Click to select your answer QWERTYulilole