Table 9-11 Output Per Hour Production and Production

question 274

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 hats will Denmark gain compared to the "without trade" numbers?

• A) -150
• B) 0
• C) 150
• D) 1,050

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Definitions:

Unconstitutional

Describes actions or laws that are not in accordance with the constitution of a given jurisdiction.

Regional Trade Agreements

Treaties between countries in the same region to reduce trade barriers and promote economic cooperation.

Trade Barriers

Measures implemented by a government to restrict or control international trade, including tariffs, quotas, and embargoes.

Normal Trade Relations

A status granted by one country to another in international trade, ensuring equal treatment in terms of import duties and tariffs.