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 a comparative advantage in producing clocks?
A) Denmark
B) Belize
C) both countries
D) neither country
Correct Answer:

Verified
Correct Answer:
Verified
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Denmark and
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Bragabong currently
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Denmark and
Q12: While attending the World Economic Forum in
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Denmark and
Q15: The term used by economists to describe
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Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" Table 9-4
Q19: By 2018, the U.S. trade deficit with