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.If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded,how many belts will Estonia consume?
A) 50
B) 70
C) 90
D) 120
Correct Answer:
Verified
Q85: Automobiles and many other products are differentiated.As
Q96: Examples of comparative advantage show how trade
Q98: Textbook examples of trade between two nations
Q162: 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
Q168: Table 19-12
Output per hour Production and
Q169: Table 19-12
Output per hour Production and
Q170: Table 19-12
Output per hour Production and
Q171: 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