D. suppose that international trade causes the price of cloth to rise 50% (to 1.5), while the price of food remains constant. what is the new equilibrium wage rate in dollar terms (w)? how much labor is hired by the food industry and how much by the cloth industry? e. what has happened to the purchasing power of the wage in terms of cloth (i. e what has happened to w/pc)? what has happened to the purchasing power of the wage in terms of food (i. e what has happened to w/pf)? f. what is the amount of income to landowners now, both in dollar terms, and in the amount of cloth and food it can buy (income/pc and income/pf)? g. what has happened to the income to capital owners, both in dollar terms, and in the amount of cloth and food it can buy?

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2