Table 13.6
Production and
Consumption Production
Without Trade With Trade Denmark and Belize can produce both clocks and hats.Table 13.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 13.6.With trade, what is the total gain in hat production?
A)150
B)300
C)400
D)650

Question

Table 13.6
Production and
Consumption Production
Without Trade With Trade  Denmark and Belize can produce both clocks and hats.Table 13.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 13.6.With trade, what is the total gain in hat production?
A)150 
B)300 
C)400 
D)650

Quizplus · Accepted Answer

With trade, the total gain in hat production is 150 units. This is because the total production of hats increases from 500 units to 650 units.

Table 13.6 Production and