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 hats?
A) Denmark
B) Belize
C) both countries
D) neither country
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Which of the following is the best
Q17: The largest exporter in the world is<br>A)
Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Table 9-4
Q19: By 2018, the U.S. trade deficit with
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Sarita and
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Denmark and
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Denmark and
Q24: Suppose that American firms claim that protectionism
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Table 9-5
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Linda and