Multiple Choice
Table 19.6
Production and
Consumption Production
Without Trade with Trade
Denmark and Belize can produce both clocks and hats. Table 19.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19.6.All of the following are terms of trade that could possibly benefit both countries except _________.
A) 1/5 of a hat : 1 clock
B) 1/3 of a hat : 1 clock
C) 1/2 of a hat : 1 clock
D) 3/4 of a hat : 1 clock
Correct Answer:

Verified
Correct Answer:
Verified
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