Question
9. The table given below shows the number of labor hours required to produce 1 raincoat and 1 pound of apples in Jamaica and the
9. The table given below shows the number of labor hours required to produce 1 raincoat and 1 pound of apples in Jamaica and the Rest of the World. If the Jamaica and the Rest of the World begin to trade with each other, the international price of apples will lie between _____ and _____.
Labor hours to make:
1 raincoat 1 pound of apples
In Jamaica
3.00 1.00
In the Rest of the World
2.00 0.25
1/3 of a raincoat per pound of apples; 3 raincoats per pound of apples
3 raincoat per pound of apples; 8 raincoat per pound of apples
1/8 of an raincoat per pound of apples; 1/3 of an raincoat pound of apples
1/8 of an raincoat per pound of apples; 8 raincoat per pound of apples
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