1. The Ricardian Model of Trade. Consider a world of two countries, France (F ) and Germany (G), with the same labor endowment: L¯F = L¯G = 40 (you can think
EC 391 – International TradeSpring 2025Problem Set 4Please, hand in this problem set on Blackboard before the beginning of class on Tuesday, March25th.1. The Ricardian Model of Trade.Consider a world of two countries, France (F ) and Germany (G), with the same labor endowment:L¯F = L¯G = 40(you can think about this as each country…