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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.
With the given information, what will be the trade pattern if the two countries engage in Trade?
Enhancing Taste
The process of improving the flavor of food or drink to make it more appealing.
Shelf Life
The time period during which a product, such as food or medicine, remains safe and effective to use.
Calorie
A unit for measuring the heat value of food.
Heat Value
The amount of heat produced by the complete combustion of a given substance, often measured in Joules per kilogram (J/kg) or British Thermal Units (BTU).
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