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Table 9-12
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts. Each country has a total of 40 available labor hours for the production of swords and belts. Table 9-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-12. All of the following are terms of trade that could possibly benefit both countries except
Mortgage
A loan secured by the collateral of specified real estate property, where the borrower is obliged to make a predetermined set of payments to the lender.
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