Multiple Choice
Output per hour Production and Production
of work Consumption without Trade with Trade
Denmark and Belize can produce both clocks and hats.Each country has a total of 200 available labor hours for the production of clocks and hats.Table 9-11 shows the output per hour of work,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 hat in Belize?
A) 1/2 of a clock
B) 2/3 of a clock
C) 1.5 clocks
D) 2 clocks
Correct Answer:

Verified
Correct Answer:
Verified
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