Suppose That, in a Classical Model with Two Goods, Germany

question 29

Multiple Choice

Suppose that, in a Classical model with two goods, Germany can produce 50 units of steel with one day of labor and 30 units of textiles with one day of labor; Switzerland can produce 45 units of steel with one day of labor and 45 units of textiles with one day of labor. If the exchange rate is fixed at 1 Swiss franc = 1 euro and if the Swiss wage rate is 10 francs per day, then, in trading equilibrium, German wages

• A) must be greater than 10 euros per day.
• B) must be less than 10 euros per day.
• C) must be equal to 10 euros per day.
• D) can be above, below, or equal to 10 euros per day - cannot be determined without More information.

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An authorization written by a medical professional that allows a patient to obtain a specific medication or treatment.

Enema

A procedure involving the introduction of liquid into the rectum and colon to induce bowel movement or for diagnostic purposes.

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A class of drugs that affect mood or behavior and are often used for pain relief, but can also lead to dependence or abuse.

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A semi-solid preparation applied topically to the skin or mucous membranes for therapeutic reasons.