Table 7-6
Production and
Consumption Production
Without Trade With Trade
Estonia and Morocco can produce both swords and belts.Table 7-6 shows the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.Prior to trade,what was the opportunity cost to produce 1 belt in Estonia?
A) 1/2 of a sword
B) 4/5 of a sword
C) 1.25 swords
D) 2 swords
Correct Answer:
Verified
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Output Per Hour of Work
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Production and
Consumption Production
Without Trade With Trade
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Production and
Consumption Production
Without Trade With Trade
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Production and
Consumption Production
Without Trade With Trade
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Production and
Consumption Production
Without Trade With Trade
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Production and
Consumption Production
Without Trade With Trade
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Output per hour Production and Production
of
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