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In Question #15 Above, If the U

Question 8

Multiple Choice

In Question #15 above, if the U.S. wage rate is $40 per day and the exchange rate is £1 = $1, what is the upper limit to the wage rate in the United Kingdom that is consistent with Two-way trade between the countries?


A) £26? per day
B) £30 per day
C) £32 per day
D) £40 per day

Correct Answer:

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