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Question 23-29 information. The labour force in the Home country is 150 while in the Foreign country it is 300. Unit labour requirements are Food Shelter Home 4 Foreign 3 6 Question 28 (3 points) Saved If there is a fall in the unit labour requirement to produce Shelter in the Home country from 5 to 4, the vertical portion of the Relative Supply curve (with QShelter/QFood on the horizontal axis and P Shelter/PFood on the vertical axis) will a) shift to the right. b) remain unchanged. O c) shift to the left.Next Page Page 29 of 66 Question 23-29 information. The labour force in the Home country is 150 while in the Foreign country it is 300. Unit labour requirements are Food Shelter Home 4 Foreign Question 27 (3 points) If instead, the world equilibrium price ratio. Pshelter/PFood , is equal to 2, and the Foreign labour forces increases, the relative wage rate, WHome/WForeign . O a) will remain the same. Ob) will increase. O c) will decrease.Question 23-29 information. The labour force in the Home country is 150 while in the Foreign country it is 300. Unit labour requirements are Food Shelter Home 4 Foreign 3 6 Question 29 (3 points) Saved Again, assume the world equilibrium price ratio PShelter/PFood is equal to 3/2. If there is an increase in the labour force in the Home country, the world equilibrium price ratio Pshelter/PFood a) will remain the same. b) will increase. O c) will decrease.Previous Page Next Page Page 28 of 66 Question 23-29 information. The labour force in the Home country is 150 while in the Foreign country it is 300. Unit labour requirements are Food Shelter Home A 5 Foreign 3 6 Question 26 (3 points) If we assume the world equilibrium price ratio, Pshelter/PFood , is equal to 3/2, the ratio of Home to Foreign wages WHome/WForeign is O a) 1 O b) 5/2 O c) 3 / 2 O d) 2/5 O e) 9/10Question 23 - 29 Information The labour force in the Home country is 150 while in the Foreign country it is 300. Unit labour requirements are Food Shelter Home A 5 Foreign 3 Question 25 (3 points) A If both countries specialize in producing the good in which they have a comparative advantage, the Relative Supply curve will have a vertical portion where QShelter/QFood equals O a) 3/10 O b) 3 / 5 O c) 5/ 3 O d) 3 / 4 O e) 10/3Question 23-29 information. The labour force in the Home country is 150 while in the Foreign country it is 300. Unit labour requirements are Food Shelter Home 4 5 Foreign 3 6 Question 26 (3 points) If we assume the world equilibrium price ratio, Pshelter/PFood , is equal to 3/2, the ratio of Home to Foreign wages WHome/WForeign is O a) 1 ( b) 5 /2 O c) 3 /2 O d) 2/ 5