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Table 9-12 Output Per Hour Production and Production

Question 360

Multiple Choice

Table 9-12
Output per hour Production and Production
of work Consumption without Trade with Trade
Table 9-12 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 9-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade. -Refer to Table 9-12. What is the opportunity cost to produce 1 belt in Estonia? A)  1/3 of a sword B)  3/5 of a sword C)  1.67 swords D)  5 swords 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 9-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-12. What is the opportunity cost to produce 1 belt in Estonia?


A) 1/3 of a sword
B) 3/5 of a sword
C) 1.67 swords
D) 5 swords

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