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 Belize gain compared to the "without trade" numbers?
A) -100
B) 0
C) 150
D) 250
Correct Answer:

Verified
Correct Answer:
Verified
Q33: It is difficult to determine if foreign
Q51: The Smoot-Hawley Tariff<br>A)lowered U.S.tariffs by 50 percent
Q76: Many economists support trade agreements, maintaining that
Q92: Since 1999,_ U.S.manufacturing jobs may have been
Q110: Which of the following is the best
Q126: Which of the following describes the national
Q176: The first example used to explain comparative
Q182: Examples of comparative advantage show how trade
Q183: In the 1930s the United States charged
Q186: Figure 9-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 9-3