Table 7-6
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts.Each country has a total of 40 available labor hours for the production of swords and belts.Table 7-6 shows the output per hour of work,the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.What is the opportunity cost to produce 1 sword in Estonia?
A) 1/3 of a belt
B) 3/5 of a belt
C) 1.67 belts
D) 3 belts
Correct Answer:
Verified
Q56: Table 7-5 Q57: If a country has an absolute advantage Q58: Countries gain from specializing in producing goods Q59: Explain whether it is possible for a Q60: If Norwegian workers are more productive than Q62: Table 7-6 Q63: Table 7-6 Q64: Table 7-6 Q65: Table 7-6 Q66: Table 7-6
Output per hour Production and Production
of
Output per hour Production and Production
of
Output per hour Production and Production
of
Output per hour Production and Production
of
Output per hour Production and Production
of
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