Table 19-12
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts. Each country has a total of 40 available labor hours for the production of swords and belts. Table 19-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-12.What is the opportunity cost to produce 1 sword in Morocco?
A) 1/2 of a belt
B) 1 belt
C) 1.5 belts
D) 2 belts
Correct Answer:
Verified
Q85: Automobiles and many other products are differentiated.As
Q88: The United States is a leading exporter
Q89: Which of the following statements is true?
A)All
Q98: Textbook examples of trade between two nations
Q158: Table 19-12
Output per hour Production and
Q160: Table 19-12
Output per hour Production and
Q161: Table 19-12
Output per hour Production and
Q164: Table 19-12
Output per hour Production and
Q165: Table 19-12
Output per hour Production and
Q167: Table 19-12
Output per hour Production and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents