Question: 10 points Sve Are QUESTION 1 There are three countries, the US, China and Europe. It takes 2 workers to produce one unit of montradables
10 points Sve Are QUESTION 1 There are three countries, the US, China and Europe. It takes 2 workers to produce one unit of montradables in the US, 8 workers in China and 4 workers in Europe. The price of nontradables is 1.0 in the US, 20 in China and 4.0 in Europe. What is the wage rate in the US. 1.0 05 0.25 20 10 points Save Answer QUESTION 2 What is the wage rate in China 10 0.5 0.25 0.125 10 points Save Anwwer QUESTION 3 What is the wage rate in Europe 1.0 0.25 0.40 0.125
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