Solved

Denmark and Belize Can Produce Both Clocks and Hats

Question 6

Multiple Choice

   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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade. -Refer to Table 9-6. Which country has an absolute advantage in producing clocks? A)  Denmark B)  Belize C)  both countries D)  neither country
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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-6. Which country has an absolute advantage in producing clocks?


A) Denmark
B) Belize
C) both countries
D) neither country

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions