Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q7: A quota<br>A)makes domestic consumers better off.<br>B)makes both
Q8: The main purpose of most tariffs and
Q9: A tariff is<br>A)a limit placed on the
Q10: Table 9-6<br>Output per hour Production and Production<br>of
Q11: Figure 9-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 9-3
Q13: Once a country has a comparative advantage
Q14: Table 9-6<br>Output per hour Production and Production<br>of
Q15: Figure 9-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 9-2
Q16: A tariff is a numerical limit on
Q17: Figure 9-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 9-1