Note: same information for questions 13-14. Two countries, N…

Note: same information for questions 13-14. Two countries, North and South, trade in goods X and Y. The two countries are fully specialized, each one producing and exporting only the good in which it has comparative advantage. The following table shows the unit labor inputs used to make each good in each country, where one unit is one hour of labor. North South Good X 10 2 Good Y 15 5 The price of good X is 60. There is no information on the price of good Y.   Compute the wage per hour, for workers in the North, or enter 0 if not enough information is provided. Only exact answer is accepted. Use a decimal point if needed.

Note: same information for questions 4-12, except where othe…

Note: same information for questions 4-12, except where otherwise noted. The world is composed of two countries, Country A and Country B. They use labor to produce two goods, TV Series and Movies. All of the assumptions of the Ricardian Model hold. The following table shows the unit labor inputs used to make each good in each country, where one unit is one year of labor. (Thus, for example, to make a TV series in Country A it takes 30 workers working a full year, or one worker working 30 years, and so on.) Country A has 12,000 units of labor and country B has 8,000 units of labor. The two countries are engaged in free and costless trade. Country A Country B TV Series 30 10 Movies 20 5   Country B has absolute advantage in

I would prefer to see an action movie, while my wife would r…

I would prefer to see an action movie, while my wife would rather see a mystery thriller. I would rather eat pizza for dinner, while she wants Thai. To deal with this conflict we decide to watch a mystery thriller and order a pizza. Which conflict resolution strategy is being used?