Solved

Table 7-6 Production and

Question 15

Multiple Choice

Table 7-6
Production and
Consumption Production
Without Trade With Trade
Table 7-6 Production and Consumption Production Without Trade With Trade    Estonia and Morocco can produce both swords and belts.Table 7-6 shows the production and consumption quantities without trade,and the production numbers with trade. -Refer to Table 7-6.Prior to trade,what was the opportunity cost to produce 1 sword in Morocco? A) 1/2 of a belt B) 4/5 of a belt C) 1.25 belts D) 2 belts Estonia and Morocco can produce both swords and belts.Table 7-6 shows the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.Prior to trade,what was the opportunity cost to produce 1 sword in Morocco?


A) 1/2 of a belt
B) 4/5 of a belt
C) 1.25 belts
D) 2 belts

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions