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You are given the following Classical-type table indicating the number of days of labor input needed to make one unit of output of each of
You are given the following Classical-type table indicating the number of days of labor input needed to make one unit of output of each of the five commodities in each of the two countries. Assume that the wage rate in England is 20 per day, that the wage rate in Portugal is 40 euros per day, and that the xed exchange rate is 1 = 3 euros. Good A Good B Good C Good D Good E England 1 day 2 day 2 day 1 day 4 day Portugal 4 day 5days 1 days 2 days 5 days With the given information, what will be the value of the \"pointer"? A) 2/3 B) 6 C) 1/3 D) 1/6
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