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Table 9-11 Production and

Question 128

Multiple Choice

Table 9-11
Production and
Consumption Production
Without Trade With Trade
Table 9-11 Production and Consumption Production Without Trade With Trade Denmark and Belize can produce both clocks and hats. Table 9-11 shows the production and consumption quantities without trade, and the production numbers with trade. -Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 hat in Belize? A) 1/6 of a clock B) 2/3 of a clock C) 1.5 clocks D) 6 clocks Denmark and Belize can produce both clocks and hats. Table 9-11 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 hat in Belize?


A) 1/6 of a clock
B) 2/3 of a clock
C) 1.5 clocks
D) 6 clocks

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