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UNO [17]
2 years ago
9

In post-trade equilibrium with = = $20, the wage of workers in relative to the wage of workers in will be equal to:__________

Business
1 answer:
pickupchik [31]2 years ago
4 0

If the  post-trade equilibrium with Pc  is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.

<h3>What is a  Wage?</h3>

A wage is known to be a kind of payment that is said to be paid by an employer to their employee for  the work that they have done in a given amount of time.

Note that from the question;

aLW = 5 hours per gallon

a*LC = 2 hours per pound

SO to find the wage = 5/2

                                 = 2.5

Therefore, If the  post-trade equilibrium with Pc  is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.

Learn more about wage from

brainly.com/question/1622389

#SPJ1

See full question below

aLC = 6 hours per pound

aLW = 5 hours per gallon

a*LC = 2 hours per pound

a*LW = 6 hours per gallon

In post-trade equilibrium with Pc = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to:

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