(Table: Labor Requirements) The table gives U.S. and Indian labor requirements (hours per unit of output) needed in each of four activities to produce the final product. Suppose that wages of unskilled and skilled workers are $10 and $20 in the United States and $1 and $5 in India. What is the relative wage of skilled labor in the United States?
A) $2/$1
B) $1/$2
C) $4/$1
D) $5/$1

Question

(Table: Labor Requirements) The table gives U.S. and Indian labor requirements (hours per unit of output) needed in each of four activities to produce the final product. Suppose that wages of unskilled and skilled workers are $10 and $20 in the United States and $1 and $5 in India. What is the relative wage of skilled labor in the United States? 
A) $2/$1 
B) $1/$2 
C) $4/$1 
D) $5/$1

Quizplus · Accepted Answer

The Answer of (Table: Labor Requirements) The table gives U.S. and Indian labor requirements (hours per unit of output) needed in each of four activities to produce the final product. Suppose that wages of unskilled and skilled workers are $10 and $20 in the United States and $1 and $5 in India. What is the relative wage of skilled labor in the United States? 
A) $2/$1 
B) $1/$2 
C) $4/$1 
D) $5/$1

(Table: Labor Requirements) the Table Gives U