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 clock in Belize?
A) 1/6 of a hat
B) 2/3 of a hat
C) 1.5 hats
D) 6 hats

Question

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 clock in Belize?
A) 1/6 of a hat 
B) 2/3 of a hat 
C) 1.5 hats 
D) 6 hats

Quizplus · Accepted Answer

The Answer of 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 clock in Belize?
A) 1/6 of a hat 
B) 2/3 of a hat 
C) 1.5 hats 
D) 6 hats

Table 9-11 Production and