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.If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded,how many hats will Denmark consume?
A) 150
B) 180
C) 270
D) 400
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Table 19.4<br>Output per Hour of Work<br>
Q12: The simple trade model demonstrates that countries
Q14: Trade only occurs if there are only
Q37: What is the main purpose of most
Q103: Imports are goods and services bought domestically<br>A)but
Q106: Table 19-3<br> <span class="ql-formula" data-value="\begin{array}{|l|l|l|}\hline
Q120: Table 19-3<br> <span class="ql-formula" data-value="\begin{array}{|l|l|l|}\hline
Q187: Explain whether it is possible for a
Q193: Table 19-1<br> <span class="ql-formula" data-value="\begin{array}{|c|c|c|}\hline
Q253: Table 19-2<br> <span class="ql-formula" data-value="\begin{array}{|l|l|l|}