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 gain compared to the "without trade" numbers?
A) -150
B) 0
C) 150
D) 1,050
Correct Answer:

Verified
Correct Answer:
Verified
Q6: If a country has a comparative advantage
Q18: The 1994 agreement that eliminated most tariffs
Q20: Beginning in _, the government of China
Q77: What is autarky?
Q151: What are the four main sources of
Q162: What was the GATT,why was it established,and
Q185: a.Distinguish between a tariff and a quota.<br>b.In
Q188: Globalization is the process of countries imposing
Q269: Figure 9-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 9-1
Q271: Table 9-11<br>Output per hour Production and Production<br>of