Solved

Table 9-6 Output Per Hour Production and Production

Question 12

Multiple Choice

Table 9-6
Output per hour Production and Production
of work Consumption without Trade with Trade
Table 9-6 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 9-6 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.What is the opportunity cost to produce 1 hat in Belize? A) 1/2 of a clock B) 2/3 of a clock C) 1.5 clocks D) 2 clocks
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.What is the opportunity cost to produce 1 hat in Belize?


A) 1/2 of a clock
B) 2/3 of a clock
C) 1.5 clocks
D) 2 clocks

Correct Answer:

verifed

Verified

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

Related Questions