Question: 2 . Please answer the following questions using the table below. ( Total 5 points ) The table indicates the amount of labor required to

2. Please answer the following questions using the table below. (Total 5 points)
The table indicates the amount of labor required to produce one unit of each product in the U.S. and Korea.
Current exchange rate: 1,000 Korean won per dollar
Wages: Korea -5,000 won/hour; U.S.-10 dollars/hour
(1) Explain the patterns of trade based on the table. (1 point)
(2) If the wage in Korea rises to 7,500 won per hour, how will the patterns of trade change? (2 points)
(3) If the exchange rate shifts from 1,000 won/dollar to 1,500 won/dollar, how will the patterns of trade change? (2 points)
2 . Please answer the following questions using

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