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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-6. What is the opportunity cost to produce 1 clock in Belize?
A) 1/2 of a hat
B) 2/3 of a hat
C) 1.5 hats
D) 2 hats

Question

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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-6. What is the opportunity cost to produce 1 clock in Belize?
A) 1/2 of a hat 
B) 2/3 of a hat 
C) 1.5 hats 
D) 2 hats

Quizplus · Accepted Answer

The Answer of  
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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-6. What is the opportunity cost to produce 1 clock in Belize?
A) 1/2 of a hat 
B) 2/3 of a hat 
C) 1.5 hats 
D) 2 hats

Denmark and Belize Can Produce Both Clocks and Hats