Table 9-6
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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-6.What is the opportunity cost to produce 1 clock in Belize?
A) 1/2 of a hat
B) 2/3 of a hat
C) 1.5 hats
D) 2 hats
Correct Answer:
Verified
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Q81: Once a country has lost its comparative
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