Table 18-6
Production and
Consumption Production
Without Trade With Trade
Denmark and Belize can produce both clocks and hats. Table 18-6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 18-6.Prior to trade,what was the opportunity cost to produce 1 hat in Denmark?
A) 1/6 of a clock
B) 2/3 of a clock
C) 1.5 clocks
D) 6 clocks
Correct Answer:
Verified
Q42: What does it mean for a country
Q43: Table 18-5 Q47: Table 18-6 Q50: If Estonia has an absolute advantage in Q52: Table 18-6
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Production and
Consumption Production
Without Trade With Trade
Production and
Consumption Production
Without Trade With Trade
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