Table 9-11
Output per hour Production and Production
of work Consumption without Trade with Trade
Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Denmark gain compared to the "without trade" numbers?
A) -150
B) 0
C) 150
D) 1,050
Correct Answer:
Verified
Q86: The first example used to explain comparative
Q95: In the real world, we don't observe
Q120: Table 9-10 Q121: Table 9-11 Q122: Table 9-11 Q123: Table 9-11 Q124: Table 9-11 Q126: Table 9-11 Q127: Table 9-11 Q130: Table 9-11
Output per hour Production and Production
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Output per hour Production and Production
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Output per hour Production and Production
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Output per hour Production and Production
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Output per hour Production and Production
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Output per hour Production and Production
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Output per hour Production and Production
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