please answer the questions below

Class Exercise -Multiple Goods and Multiple Countries in Classical Model 1. You are given the following Classical-type table showing the number of days of labor input required to obtain 1 unit of output of each of the five commodities in each of the two countries: Country Wage Wheat Sheet Rate Metal Cheese Computers Cloth U.S. $3 U.K. E1 a N N 3 A a. Assume that the wage rate in the United Kingdom (WUK) is El/day, the wage rate in the United States (Wus) is $3/day, and the exchange rate (e) is $1 = 10.5. With this information, determine the goods that will be U.K. exports and the goods that will be U.S. exports. Value of the "pointer" is Goods that U.K. exports to U.S. are Goods that U.S. exports to U.K. are b. Keeping Wuk at El/day and keeping the exchange rate at $1 = 10.5, calculate the upper and lower limits (in dollars per day) to the U.S. wage rate that are consistent with two-way trade between the countries. The Upper Limit is $/day The Lower Limit is $/day c. With WUK at El/day and Wus at $3/day, calculate the upper and lower limits (in & per $) to the exchange rate that are consistent with two-way trade between the countries. The Upper Limit is E/$ The Lower Limit is E / $2. In the following two-good, multi-country example of labor requirements, do all the countries stand to gain from trade if the international terms of trade are 1 de are 1 C = 1.8 W? If so, what commodities will each country export and import? Country Wheat Cloth U.K. 2 3 France W U.S. W 6