The following table defnes terme relevant to the basic Ricardian model of one tactor and two goods Quanty of why atons) C numtber of labor hours needed to produce a unt of candy in Home W = nunber of labor hours needed to produce a unit of whiskey in Home number of labor hours needed to produce a unt of candy in Foreign number unt of whiskey in Foreign labor hours neededto produce Pc the price per pound of candy on world markets Pw e price per galon of whiskey on word markets Which of the tolowng condtions wil induce Home to specialize in cendy? Qantty of sandy ipoun (0,80) OE Pw o PoPwIcaw Suppose Home were to trade with Foreign at the relative price of PPw-1.0. Uaing the ine drewing tool, edd the consumption possibtes tondier for Home to s production possibes fronter Properly label this e

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