1. In the United States where land is cheap, the ratio of land to labor used in cattle rais- ing is higher than that of land used in wheat growing. But in more crowded countries, where land is expensive and labor is cheap, it is common to raise cows by using less land and more labor than Americans use to grow wheat. Can we still say that raising cattle is and intensive compared with farming wheat? Why or why not? 2.Suppose that at current factor prices cloth is produced 20 hours of labor for each acre of land, using labor per acre of land. and food is produced using only 5 hours of a. Suppose that the economy's total resources are 600 hours of labor and 60 a of land. Using a diagram determine the allocation of resources. b. Now suppose that the labor supply increases first to 800, then 1000, then 1200 hours. Using a diagram like Figure 4-จ6, ace out the changing allocation of e. resources. happen if the labor supply were to increase even further? would 3. "The world's poorest countries cannot find anything to export. There is no resource that is abundant-certainly not capital nor land, and in small poor nations not even labor is abundant." Discuss.