Multiple Choice
Table 13.6
Production and
Consumption Production
Without Trade With Trade Denmark and Belize can produce both clocks and hats.Table 13.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 13.6.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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