question 1. 1. Assuming two countries, X&Y, 5 goods, A, B, C, D & E...
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question 1. 1. Assuming two countries, X&Y, 5 goods, A, B, C, D & E and one factor of Production, L (labour). The unit labour requirements for each good are given in the table below: Unit labour requirements (hrs of labour) Good Country X Country Y A B D E 36 6 20 5 10 12 18 15 10 5 a) Country X has the highest relative productivity advantage in good b) If the wage rate in country X s sshour and the wage rate in country Y is $15 per hour, country Y would produce goods I c) There is an increase in the supply of labour in country Y, resulting in a fall in the wage rate vo 15/hour county Ywuld new produce goods d) in the provided below, how the comparative statie effect of the increase in the labow supply, wa the pattern of wperialisation
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