(Solved): add graphs please b) Explain and illustrate the Ricardian Trade Model. Make sure to include the foll ...

b) Explain and illustrate the Ricardian Trade Model. Make sure to include the following concepts: production possibility frontier, comparative advantage, opportunity cost, relative demand, relative supply. Assume that there are two countries, two goods and one factor of production - labour. Make sure to label your graphs clearly. ( 375 words, 50 marks) 100 marks