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The table below shows the labor requirements in two different products (shoes and toys) in two different countries (Vietnam and Indonesia). Shoes Toys Vietnam 12

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The table below shows the labor requirements in two different products (shoes and toys) in two different countries (Vietnam and Indonesia). Shoes Toys Vietnam 12 6 Indonesia 27 9 Autarky relative price of shoes O 2 in Vietnam, and 3 in Indonesia O 3 in Vietnam, and 2 in Indonesia O 1/2 in Vietnam, and 1/3 in Indonesia O 1/3 in Vietnam, and 1/2 in Indonesia Question 6 1 pts The table below shows the labor requirements in two different products (shoes and toys) in two different countries (Vietnam and Indonesia). Shoes Toys Vietnam 12 6 Indonesia 27 9 World relative price of toys will be O between 1/2 and 3 O between 1/2 and 2 O smaller than 1/2 O between 1/3 and 1/2 O between 1/2 and 2 O between 2 and 3 O larger than 3D Question 7 1 pts The table below shows labor requirements in two different products (shoes and toys) in two different countries (Vietnam and Indonesia). Shoes Toys Vietnam 12 6 Indonesia 27 9 In the trade equilibrium, the real wage, in terms of toys, for Vietnamese workers is O 1/6 0 9 O between 27 and 54 O between 54 and 81

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