Table 9-11 Output Per Hour Production and Production

question 291

Multiple Choice

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. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Denmark gain compared to the "without trade" numbers?

• A) 30
• B) 100
• C) 150
• D) 900

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Definitions:

Distribution

The process of delivering products or services from the producer to the final consumer.

Greenmail

A targeted stock repurchase where payments are made to potential bidders to eliminate unfriendly takeover attempts.

Exclusionary Self-Tender Offer

A type of tender offer in which a company offers to purchase shares from its shareholders in a way that may exclude certain holders to affect the control or composition of its shareholder base.

Poison Pill

A financial device designed to make unfriendly takeover attempts unappealing, if not impossible.