will upvote answer thanks

1. Consider case B for the following questions

a. What is the cost in terms of labor content (or man-hours) of producing wheat and cloth in the U.S. and U.K.?

b. What is the dollar price of wheat and cloth in the U.S. if wage rates are $6 in the U.S.?

c. What is the pound price of wheat and cloth in the U.K. if wage rates are 1 in the U.K.?

d. What is the dollar price of wheat and cloth in the U.K. if the exchange rate is $2=1?

e. At this exchange rate of $2=1, is trade possible between the two countries?

f. What will happen in if the pound appreciated to $4=1?

g. What is the range of exchange rates under which trade is possible?

\begin{tabular}{lcccccccc} \hline & \multicolumn{2}{c}{ Case A } & \multicolumn{2}{c}{ Case B } & \multicolumn{2}{c}{ Case C } & \multicolumn{2}{c}{ Case D } \\ & US & UK & US & UK & US & UK & US & UK \\ \hline Wheat (bushels/man-hour) & 4 & 1 & 4 & 1 & 4 & 1 & 4 & 2 \\ Cloth (yards/man-hour & 1 & 2 & 3 & 2 & 2 & 2 & 2 & 1 \\ \hline \end{tabular}