Consider the following production data for two countries,England and Portugal: 
(a)Which country has an absolute advantage in the production of each good? Which country has a comparative advantage in the production of each good?
(b)Assuming each country spends half their income on cheese and half on wine,and wine is the numéraire good,with no trade,autarky,what is the wage and price of cheese in each country? What is the total production of wine and cheese in each country?
(c)After trade,what is the total production of each good?
Definitions:
Environmental Damage
Harm caused to the natural environment due to human actions or natural disasters.
Liability
The state of being legally responsible for something, particularly for any losses or damages that may result.
Environmental Review Process
A systematic assessment conducted to determine the potential environmental impacts of proposed projects, policies, or legislation before they are allowed to proceed.
Federal Legislation
Laws enacted by the federal government or Congress that apply to the entire country and supersede state laws in areas of federal jurisdiction.
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