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You Are Given the Following Classical-Type Table Indicating the Number

question 3

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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 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 fixed exchange rate is £1 = 3 euros.
 Good A  Good B  Good C  Good D  Good E  England 1 day 5 days 2 days 1 day 4 days  Portugal 4 days 4 days 1 day 2 days 5 days \begin{array}{llllll}&\text { Good A } &\text { Good B } & \text { Good C }& \text { Good D } &\text { Good E }\\\hline\text { England } & 1 \text { day } & 5 \text { days } & 2 \text { days } & 1 \text { day } & 4 \text { days } \\\text { Portugal } & 4 \text { days } & 4 \text { days } & 1 \text { day } & 2 \text { days } & 5 \text { days }\end{array}

With the given information, what will be the trade pattern if the two countries engage in Trade?

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Definitions:

Values Included

Ensuring that principles and standards of behavior considered important by individuals or groups are integral to decision-making processes and actions.

Commitment To Values

A dedication or pledge to uphold and act according to specific principles or standards of behavior.

Pragmatic Incrementalism

A strategy that involves making continuous, small-scale improvements or changes in a practical and realistic manner to achieve a larger goal.

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The act or process of providing services, making decisions, or conducting work that benefits or is intended to benefit the general public.

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