18 Suppose the nominal exchange rate is $0 5 Canadian per British pound, the CPI measure of price level is 140 in Canada and 160 in Britain. What is the corresponding real exchange rate between these two countries in Canadian dollars (rounded to the nearest cent? OA $2 29 OB. 30.57 OC $0.44 OD $1.75 The following production possibilities schedule shows the quantities of buckwheat and com that can be produced in the United States and Canada with one unit of equivalent resources Buckwheat (bushels) 51 25 Corn (bushels) 12 7 United States Canada For both countries to be able to gain from trade, Canada would not gain by producing and exporting corn and importing buckwheat unless it received OA more than 7 bushels of com OB any quantity of buckwheat C. more than 3.57 bushels of buckwheat per bushel of com. OD. more than 4.25 bushels of buckwheat per bushel of com. Clear my choice Suppose the labour market is characterized by the following functions: Ld = 100 - 5W Os = 20 + 5W where Ld and Ls are demand and supply for labour, and W is the hourly wage rate. Assume government pays a subsidy of $2 per hour of work for each worker. How does this subsidy change the hourly wages? O A Increases wages received by workers by $2.00 B. Increase wages received by workers by $1.00. OC. Decreases wages paid by employers by $2.00. OD. Increases wages received by workers by $1.50. Clear my choice 38 Suppose Jenny has 16 hours per day to allocate between work and leisure and she earns a wage rate of $25 per hour. Wat the utility-maximizing level of employment (le, MRSYL = w), Jenny's MUy is 20 utils, what is her MU? O A Cannot be determined with the information provided OB 500 utils OC 0 8 utils OD 1.25 utils