Multiple Choice
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 consume?
A) 150
B) 180
C) 270
D) 400
Correct Answer:

Verified
Correct Answer:
Verified
Q28: A quota is the same as a
Q44: Figure 9-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 9-1
Q56: The terms of trade refers to<br>A)the rules
Q62: The General Agreement on Tariffs and Trade
Q76: Autarky is a situation where one country
Q104: Figure 9-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 9-3
Q121: When BMW, an German company, purchases a
Q213: Table 9-12<br>Output per hour Production and Production<br>of
Q215: Table 9-12<br>Output per hour Production and Production<br>of
Q219: Table 9-11<br>Output per hour Production and Production<br>of