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 clock in Belize?
A) 1/2 of a hat
B) 2/3 of a hat
C) 1.5 hats
D) 2 hats
Correct Answer:

Verified
Correct Answer:
Verified
Q118: An economic principle that explains why countries
Q119: Suppose that American firms claim that protectionism
Q120: What does it mean for a country
Q121: When BMW, an German company, purchases a
Q122: Table 9-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 9-1
Q124: Table 9-6<br>Output per hour Production and Production<br>of
Q125: If a country has an absolute advantage
Q126: Table 9-6<br>Output per hour Production and Production<br>of
Q127: Table 9-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 9-5
Q128: If Japanese workers are more productive than