In the example in Question 2, what are the limits to the wage rate in each country,

Question:

In the example in Question 2, what are the limits to the wage rate in each country, other things being equal? What are the exchange rate limits?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

Question Posted: