Pen Paper Home 4 hours per unit 3 hours per unit Foreign 1 hour per unit 2 hours per unit 9. Given the information in the table above, in the post-trade equilibrium the real wage of workers in Foreign in terms of pens is: A) 0.5 B) 1 C) 1.5 D) 2 E) 4

Pen Paper Home 4 hours per unit 3 hours per unit Foreign 1 hour per unit 2 hours per unit 9. Given the information in the table above, in the post-trade equilibrium the real wage of workers in Foreign in terms of pens is: A) 0.5 B) 1 C) 1.5 D) 2 E) 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Pen
Paper
Home
4 hours per unit
3 hours per unit
Foreign
1 hour per unit
2 hours per unit
9. Given the information in the table above, in the post-trade equilibrium the real wage of workers in Foreign in terms of
pens is:
A) 0.5
B) 1
C) 1.5
D) 2
E) 4

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