Table 9-12
Production and
Consumption Production
Without Trade With Trade
Estonia and Morocco can produce both swords and belts. Table 9-12 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-12. Prior to trade, what was the opportunity cost to produce 1 sword in Morocco?
A) 1/2 of a belt
B) 4/5 of a belt
C) 1.25 belts
D) 2 belts
Correct Answer:
Verified
Q154: Table 9-12
Output per hour Production and Production
of
Q165: Table 9-12
Production and
Consumption Production
Without Trade With Trade
Q167: Table 9-12
Production and
Consumption Production
Without Trade With Trade
Q168: Table 9-12
Production and
Consumption Production
Without Trade With Trade
Q169: Table 9-12
Production and
Consumption Production
Without Trade With Trade
Q171: Table 9-12
Production and
Consumption Production
Without Trade With Trade
Q171: Table 9-12
Output per hour Production and Production
of
Q172: Table 9-12
Production and
Consumption Production
Without Trade With Trade
Q173: Table 9-12
Production and
Consumption Production
Without Trade With Trade
Q174: Table 9-12
Production and
Consumption Production
Without Trade With Trade
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