I will collect the assignments from you at the start of the class marking your names off a list as I collect them.
Consider a Ricardian model. There are two countries called Dalriada and Pictland and two goods called apples and bananas. In Dalriada the unit labour requirement for an apple is 6 hours and for a banana is 12 hours. In Pictland the unit labour requirement for an apple is 4 hours and for a banana is 1 hour. Dalriada has an endowment of 3600 hours of labour. Pictland has an endowment of 400 hours of ... More