Question: please don't answer it other wise i dislike your answer The table below shows the unit labor requirements for three goods in France and Germany

please don't answer it other wise i dislike your answer The

please don't answer it other wise i dislike your answer

The table below shows the unit labor requirements for three goods in France and Germany France Germany 16 8 Steel (hr/ton) Silver (hr/ton) Gold (hr/ton) 32 48 144 64 In the absence of any trade the wage rate is 4 Euros per hour in France and is 10 Euros per hour in Germany. (a) what are the highest and lowest wage rates that can prevail in Germany given that the wage in France is 4 Euros per hour even after trade, for both countries to be able to trade with each other? (b) Suppose the free trade equilibrium wage in Germany achieved with a 4 Euro wage in France is exactly half way between the maximum and minimum wage found in part (a), can we say that both countries are better off with free trade if France and Germany are endowed with 144 and 64 hours of labor respectively ? The table below shows the unit labor requirements for three goods in France and Germany France Germany 16 8 Steel (hr/ton) Silver (hr/ton) Gold (hr/ton) 32 48 144 64 In the absence of any trade the wage rate is 4 Euros per hour in France and is 10 Euros per hour in Germany. (a) what are the highest and lowest wage rates that can prevail in Germany given that the wage in France is 4 Euros per hour even after trade, for both countries to be able to trade with each other? (b) Suppose the free trade equilibrium wage in Germany achieved with a 4 Euro wage in France is exactly half way between the maximum and minimum wage found in part (a), can we say that both countries are better off with free trade if France and Germany are endowed with 144 and 64 hours of labor respectively

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