Table 19-11
Output per hour Production and Production
of work Consumption without Trade with Trade
$\begin{array}{|l|c|c|c|c|c|c|}
\hline & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } \
\hline \text { Denmark } & 6 & 3 & 900 & 150 & 1,200 & 0 \
\hline \text { Belize } & 1 & 2 & 150 & 100 & 0 & 400 \
\hline
\end{array}$ 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 19-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-11.Which country has a comparative advantage in producing clocks?

Question

Table 19-11
Output per hour Production and Production
of work Consumption without Trade with Trade
 $\begin{array}{|l|c|c|c|c|c|c|}
\hline & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } \
\hline \text { Denmark } & 6 & 3 & 900 & 150 & 1,200 & 0 \
\hline \text { Belize } & 1 & 2 & 150 & 100 & 0 & 400 \
\hline
\end{array}$ 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 19-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-11.Which country has a comparative advantage in producing clocks?

Quizplus · Accepted Answer

Denmark has a higher output per hour in producing clocks compared to Belize. In the absence of trade, Denmark can produce 900 clocks in 150 labor hours, while Belize can only produce 150 clocks in the same amount of labor hours. This shows that Denmark has a comparative advantage in producing clocks.

Table 19-11 Output Per Hour Production and Production of Work

Table 19-11
Output Per Hour Production and Production
of Work