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.If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Belize consume?
A) 150
B) 270
C) 930
D) 1,200
Correct Answer:

Verified
Correct Answer:
Verified
Q163: As a percentage of GDP, exports are
Q164: Protectionism refers to the use of trade
Q165: What is the difference between imports and
Q166: One reason for the success that firms
Q167: A tariff<br>A)makes domestic consumers worse off.<br>B)makes both
Q169: Figure 9-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 9-2
Q170: Table 9-6<br>Output per hour Production and Production<br>of
Q171: The United States has developed a comparative
Q172: The U.S.economy would gain from the elimination
Q173: The ability of a firm or country