Econ-371 International Economics: Trade

General instructions
This second assignment relates to the Ricardian model. Carefully follow the guidelines below:
Some of these questions are long and cover technical issues. Take the time to read all the questions, pause, and reflect before trying to solve each problem.
You must answer ALL questions.
You must explain ALL of your answers.
For mathematical questions, show the intermediate steps that lead you to your final results.
You need to use FULL sentences, i.e., subject verb complement.
Your answers must be readable and easy to follow.
Your charts need to be clean and easy to read. Whether you use digital tools or pen and paper, each chart must look impeccable. Use a ruler!
Always label your axes!
Don’t overload a diagram. If there is too much content on one chart, do not hesitate to use a new one.