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. All of the following are terms of trade that could possibly benefit both countries except
A) 1 hat : 2 clocks
B) 1 hat : 4 clocks
C) 1 hat : 5 clocks
D) 1 hat : 8 clocks
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Figure 9-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 9-1
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Q194: Table 9-12<br>Production and<br>Consumption Production<br>Without Trade With Trade<br>
Q204: Table 9-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4188/.jpg" alt="Table 9-8
Q246: Figure 9-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 9-3