History
1. sketch a PPF of each country (note: you can only draw the slope, you can't determine the intercepts)2. In the production of which good does Portugal have a comparative advantage3. In which country will the average (the standard of living) be higher? In 1817, David Ricardo wrote the following,"England may be so circumstanced, that to produce the cloth may require the labour. of 100 men for one year; and if she attempted to make the wine, it might require the labour of 120 men for the same time. To produce the wine in Portugal, might require only the labour of 80 men for one year, and to produce the cloth in the same country, might require the labour of 90 men for the same time." a) using the information given, sketch the PPF of each country(note: you can only draw the slope, you cannot determine the intercepts). b) In the production of which good does Portugal have a comparative advantage? b) In which country will the average wage (the standard of living) be higher?