Multiple Choice
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. If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded, how many swords will Morocco gain compared to the "without trade" numbers?
A) 5
B) 45
C) 105
D) 150
Correct Answer:
Verified
Correct Answer:
Verified
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