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.With trade,what is the total gain in hat production?

Question

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.With trade,what is the total gain in hat production?

Quizplus · Accepted Answer

With trade, the total gain in hat production is 150 hats. This is because the total production of hats with trade is 650 hats, and the total production of hats without trade is 500 hats.

Table 18-6 Production and