Multiple Choice
Table 7-6
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts.Each country has a total of 40 available labor hours for the production of swords and belts.Table 7-6 shows the output per hour of work,the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.What is the opportunity cost to produce 1 belt in Morocco?
A) 1/2 of a sword
B) 1 sword
C) 1.5 swords
D) 2 swords
Correct Answer:
Verified
Correct Answer:
Verified
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