Assume that the comparative-cost ratios of two products-baby formula and tuna fish-are as follows in the nations of Canswicki and Tunata: Canswicki: 1 can baby formula = 4 cans tuna fish Tunata: 1 can baby formula = 6 cans tuna fish a. In what product should each nation specialize? Canswicki should produce (Click to select) V and Tunata should produce (Click to select) ♥ b. Would the following terms of trade be acceptable to both nations? i. 1 can baby formula = 3 cans tuna fish: (Click to select) ♥ ii. 1 can baby formula = 7 cans tuna fish: (Click to select) ♥ iii. 1 can baby formula = 4.5 cans tuna fish: [(Click to select) ♥

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