(Answered) Ricardian Model:
1: (10 points) Consider the 2×2 Ricardian Model. Let the following hold: MANUFACTURE PRODUCTIVITY (output per worker) AGRICULTURE PRODUCTIVITY (output per worker) LABOUR ENDOWMENT HOME 20 10 100 FOREIGN 15 5 100 a) Draw the PPF for each country. Note: the data above is in terms of output per worker rather than input requirements. […]
