Suppose each worker in the home country can produce 2 cars, Business Economics

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Suppose each worker in the home country can produce 2 cars

Suppose each worker in the home country can produce 2 cars or 3 TVs. Suppose each worker in the foreign country can produce 3 cars or 2 TVs. Assume that bouth countries each have 100 workers. Use the Ricardian model to answer the following:

What is the no-trade relative price of car in the home country?

What is the no-trade relative price of car in the foreign country?

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Business Economics: Suppose each worker in the home country can produce 2 cars

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Business Economics: Suppose each worker in the home country can produce 2 cars

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