Given the Following Classical-Type Table Shows the Number of Days

question 32

Multiple Choice

Given the following Classical-type table shows the number of days of labor input Required to obtain one unit of output of each of the three commodities in each of the two Countries:
$\begin{array} { l l l l } &\underline{ \text { good T }} & \underline{\text { good X} } & \underline{\text { good Y }} \\& & & \\\text { United Kingdom } & \text { 4 days } & \text { 5 days } & 3 \text { days } \\\text { United States } & 4 \text { days } & 4 \text { days } & \text { 2 days }\end{array}$
Suppose that the wage rate in the United Kingdom is £30 per day, the wage rate in the United States is $40 per day, and the exchange rate is £1 = $1. In this situation, the United Kingdom will

• A) export good T and import goods X and Y.
• B) export good Y and import goods T and X.
• C) export goods T and X and import good Y.
• D) export goods X and Y and import good T.

---

Definitions:

Null Hypothesis

A statement or assumption that indicates no effect or no difference, which the statistical test aims to reject.

Interaction

In statistics and research, it refers to a situation where the effect of one independent variable on the dependent variable differs depending on the level of another independent variable.

Profile Plot

A graphical representation of the multivariate data where each observation is represented by a plot, often used to observe patterns over time or conditions.

Main Effect

In statistics, the term refers to the primary effect of an independent variable on a dependent variable in experimental design.