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4. The following table shows the number of hours of labor required to produce 1 unit ' Tea Coffee ' of Tea and Coffee in

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4. The following table shows the number of hours of labor required to produce 1 unit ' Tea Coffee ' of Tea and Coffee in the Slovenia and Nepal: Slovenia ' 12 6 ' Nepal ' 4 1 ' (a) Suppose world prices are such that tea is thrice as expensive as coffee. i. How much of each good does each country produce? ii. What is the pattern of trade at these prices? iii. What is the wage level in Slovenia and Nepal? iv. Is the following identity true? Explain. N I MPLCS'JJZE wNepal MPLEIEZWI MPLSIovenia

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