If Wage in Country a Is $6/hour and in Country

question 22

Multiple Choice

If wage in country A is $6/hour and in country B is £2/hour,and the exchange rate between a $ and a £ is 1£=2$,then given the information in the table,which of the following is true? $\begin{array}{|l|c|c|}\hline & \text {Country A} &\text { Country B} \\\hline\text { Apple (bushels/hr) }& 8 & 1 \\\hline\text { Orange (bushels/hr) } & 2 & 3 \\\hline\end{array}$

• A)Country A has comparative advantage in apples
• B)Country A has comparative advantage in oranges
• C)Country B has comparative advantage in apples
• D)Country A and B both have comparative advantage in oranges

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Definitions:

Cashier's Checks

A check issued by a bank, drawn on its own funds and signed by a cashier, guaranteeing payment to the payee named on the check.

Issuing Banks

Financial institutions that provide cardholder services for credit, debit, or other payment cards, including the issuance of cards and management of the accounts associated with them.

Drawer's Signature

The signature of the person who writes a check or draft, legally binding the drawer to the terms of the document.

Re-Credit

The process of restoring funds to an account, typically after a return or correction of a billing error.