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 Morocco?
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
Production and
Consumption Production
Without Trade With Trade
Production and
Consumption Production
Without Trade With Trade
Production and
Consumption Production
Without Trade With Trade
Production and
Consumption Production
Without Trade With Trade
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