Note: same information for questions 4-12, except where othe…
Note: same information for questions 4-12, except where otherwise noted. The world is composed of two countries, Country A and Country B. They use labor to produce two goods, TV Series and Movies. All of the assumptions of the Ricardian Model hold. For this question only suppose that the table changed in the following way: Country A Country B TV Series 15 5 Movies 15 15 Which best describes the international trade situation with the table above?