Question: Please use the following table to select the right choice. Hours of work necessary to produce one unit Country Cloth Wine England 80 100 Portugal

Please use the following table to select the right choice. Hours of work necessary to produce one unit Country Cloth Wine England 80

Please use the following table to select the right choice. Hours of work necessary to produce one unit Country Cloth Wine England 80 100 Portugal 120 90 England has no comparative advantage in either of the products. England has absolute advantage in producing cloth. Portugal has absolute advantage in producing wine. Both B and C are right. Using the information below to calculate the three-, and six-month forward premium or discount for US Dollar versus the British Pound using European term quotations. Assume each month has 30 days. UK Pound in US$ per US$ Spot 1.1405 .8768 1-mos forward 1.1402 .8770 3-mos forward 1.1396 .8775 6-mos forward 1.1389 .8780 O 0.003159, 0.002810 O 0.003150, 0.003157 O 0.003157, 0.003157 O 0.002810, 0.003100

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