Multiple Choice
Given the following Classical-type table shows the number of days of labor input Required to obtain one unit of output of each of the three commodities in each of the two Countries:
Suppose that the wage rate in the United Kingdom is £30 per day, the wage rate in the United States is $40 per day, and the exchange rate is £1 = $1. In this situation, the United Kingdom will
A) export good T and import goods X and Y.
B) export good Y and import goods T and X.
C) export goods T and X and import good Y.
D) export goods X and Y and import good T.
Correct Answer:

Verified
Correct Answer:
Verified
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