Solved

Table 19-12
Production and
Consumption Production
Without Trade with Trade

Question 175

Multiple Choice

Table 19-12
Production and
Consumption Production
Without Trade With Trade
 Swards  Beltr  Svards  Beltr  Estoria 100502000 Morocco 50400120\begin{array} { | l | l | l | l | l | l | } \hline & \text { Swards } & \text { Beltr } & & \text { Svards } & \text { Beltr } \\\hline \text { Estoria } & 100 & 50 && 200 & 0 \\\hline \text { Morocco } & 50 & 40 && 0 & 120 \\\hline\end{array}
Estonia and Morocco can produce both swords and belts.Table 19-12 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-12.Prior to trade,what was the opportunity cost to produce 1 belt in Morocco?


A) 1/2 of a sword
B) 4/5 of a sword
C) 1.25 swords
D) 2 swords

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents