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Table 9-11
Output per hour Production and Production
of work Consumption without Trade with Trade
Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. All of the following are terms of trade that could possibly benefit both countries except
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Luca Pacioli
Known as the father of accounting and bookkeeping, he was the first to publish a work on the double-entry system of bookkeeping.
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