Nоte: sаme infоrmаtiоn for questions 13-14. Two countries, North аnd 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 South, or enter 0 if not enough information is provided. Only exact answer is accepted. Use a decimal point if needed.
Nоte: sаme infоrmаtiоn for questions 15-19. The following figure shows the production possibilities frontiers of two countries, Home аnd Foreign (solid lines). They produce two goods, Oil and Cars. Also shown are two indifference curves for the Home country. When the two countries open up to free and costless trade with each other, the resulting price line for the Home country is also shown as the dashed line. The production point and the consumption point of the HOME country in autarky are: