Table 196 Production and Consumption Production Without Trade with TradeDenmark and Belize Can Produce Both Clocks and Hats

The Answer of Table 196 Production and Consumption Production Without Trade with TradeDenmark and Belize Can Produce Both Clocks and Hats

Table 196 Production and Consumption Production Without Trade with TradeDenmark and Belize Can Produce Both Clocks and Hats

The Answer of Table 196 Production and Consumption Production Without Trade with TradeDenmark and Belize Can Produce Both Clocks and Hats

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Table 196
Production and
Consumption Production
Without Trade with Trade

Question 64

Multiple Choice

Table 19.6
Production and
Consumption Production
Without Trade with Trade
$\begin{array} { | l | l | l | l| l | } \hline & \text { Clerks } & \text { Hats } & \text { Clerks } & \text { Hats } \\\hline \text { Denmark } & 900 & 150 & 1200 & 0 \\\hline \text { Belize } & 150 & 100 & 0 & 400 \\\hline\end{array}$ Denmark and Belize can produce both clocks and hats. Table 19.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19.6.Prior to trade,what was the opportunity cost to produce one clock in Denmark?

A) 1/6 of a hat
B) 2/3 of a hat
C) 1.5 hats
D) 6 hats

Table 196 Production and Consumption Production Without Trade with Trade

Multiple Choice

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Table 196
Production and
Consumption Production
Without Trade with Trade

Correct Answer:
Verified
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