You are given the following Classial-type ta are given the following Classical-type table indicating the number of hours of labor input needed to make one unit of output of each of the six commodities in each o Assume that the wage rate in Spain is 2/hr, that the wage rate in UK is 3.2/hr, and that fixed exchange rate is 1.25 . ofhou f the two countries. the Wage Rate Wine Cutlery Cloth Hardware Wheat Cheese 12hr 6hr 15 hr 5hr 7 hr 3.2/hr 3 hr 4hr 5hr6hr 2.8 hr 3hr Spain 2/hr 4 hr United Kingdom a With the given information, what will be the trade pattern if the two countries engage in trade? Which goods will Spain export and import? Which goods will UK export and import? Explain the upper and lower limits (in pounds per hour) to the UK wage rate that are consistent with two-way trade between the countries. b. Keeping wage rate in Spain is 2/hr and keeping the exchange rate at 1 1.25 ., calculate rate that are consistent with two-way trade between the countries (exchange rate in terms of e/) c. With WSpain at 2/hr and Wu at 3.2/hr, calculate the upper and lower limits to the exchange