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 clock 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 clock production?

Quizplus · Accepted Answer

With trade, the total gain in clock production is 150 clocks. This is because the total production of clocks increases from 2100 to 2250, and the total consumption of clocks decreases from 2100 to 2250.

Table 18-6 Production and