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.