Multiple Choice
Table 9-11
Production and
Consumption Production
Without Trade With Trade
Denmark and Belize can produce both clocks and hats. Table 9-11 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 clock in Denmark?
A) 1/6 of a hat
B) 2/3 of a hat
C) 1.5 hats
D) 6 hats
Correct Answer:

Verified
Correct Answer:
Verified
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