Relative RS' RS Apples wage rate, 10 Banas Cavlar 3.5 3. Dates Enchiladas 0.75 RD Relative quantity of labor L* At the equilibrium wage depicted with relative supply at RS' in the diagram above, A. The home country would produce apples, bananas, caviar and dates. B. The foreign country would produce only caviar, dates and enchiladas. C. The Home country would produce apples and bananas. D. The foreign country would produce only caviar and dates. E. None of the above. 2.
Relative RS' RS Apples wage rate, 10 Banas Cavlar 3.5 3. Dates Enchiladas 0.75 RD Relative quantity of labor L* At the equilibrium wage depicted with relative supply at RS' in the diagram above, A. The home country would produce apples, bananas, caviar and dates. B. The foreign country would produce only caviar, dates and enchiladas. C. The Home country would produce apples and bananas. D. The foreign country would produce only caviar and dates. E. None of the above. 2.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Relative
RS'
RS
Apples
wage
rate,
10
Banas
8.
Cavlar
3.5
3.
Dates
Enchiladas
0.75
RD
Relative quantity
of labor
17. At the equilibrium wage depicted with relative supply at RS' in the
diagram above,
A. The home country would produce apples, bananas, caviar and
dates.
B. The foreign country would produce only caviar, dates and
enchiladas.
C. The Home country would produce apples and bananas.
D. The foreign country would produce only caviar and dates.
E. None of the above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F106a5e87-58f2-452f-820b-fba4dfad594a%2F1cc0fbc2-8867-427c-b8a5-12f60d4ee4ac%2F317zugn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Relative
RS'
RS
Apples
wage
rate,
10
Banas
8.
Cavlar
3.5
3.
Dates
Enchiladas
0.75
RD
Relative quantity
of labor
17. At the equilibrium wage depicted with relative supply at RS' in the
diagram above,
A. The home country would produce apples, bananas, caviar and
dates.
B. The foreign country would produce only caviar, dates and
enchiladas.
C. The Home country would produce apples and bananas.
D. The foreign country would produce only caviar and dates.
E. None of the above.
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