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QUESTION 2 Consider the following scenario: Country A Country B Soybeans 3 12 Textiles 6 8 Suppose that wa=$1000 and e=1 {e is the exchange rate).
Hi I need help with this two problems
Question 2 answer have:
A. $4000
B. $250
C. $750
D. 1333.3
Question 3 answer have:
A.$1500
B. $2666
C. $4000
D. $8000
QUESTION 2 Consider the following scenario: Country A Country B Soybeans 3 12 Textiles 6 8 Suppose that wa=$1000 and e=1 {e is the exchange rate). What is the maximum level of wb (expressed in $) such that these 2 countries trade according to Comparative Advantage? V ‘ QUESTION 3 Consider the following scenario: Country A Country B Soybeans 3 12 Textiles 6 8 Suppose that wb=Peso 1000 and e22 (e is the exchange rate). What is the maximum level ofwa (expressed in if) such that these 2 countries trade according to Comparative Advantage? v