Table 9-11 Output Per Hour Production and Production

question 266

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 Belize consume?

• A) 150
• B) 270
• C) 930
• D) 1,200

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Definitions:

Drive System

A method of management focused on maximizing output through intense supervision and control over workers, often at the expense of their well-being.

Factor Of Production

An economic term describing the inputs used in the production of goods or services in the attempt to make an economic profit. These include land, labor, capital, and entrepreneurship.

Equity

The concept of fairness and justice in treatment, sharing, and opportunity, or ownership interest in an asset or business.

Employment Laws

Regulations and legal standards governing the relationship between employers and employees, covering aspects like hiring, working conditions, and workplace discrimination.