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14. Labor in Westland and Eastland can be used to produce steel or sophisticated electronics. The unit labor requirements (amount of labor required to make

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14. Labor in Westland and Eastland can be used to produce steel or sophisticated electronics. The unit labor requirements (amount of labor required to make 1 unit of output) are given by the following table: Goods Countries Westland Eastland Electronics 10 Steel 5 Suppose that workers in both countries are paid in a common currency called gold. Find a relative wage rate for Westland and Eastland (in terms of gold) that will support the pattern of trade suggested by comparative advantage. A) 5/3

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