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Table 9-12 Output Per Hour Production and Production

question 47

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Table 9-12
Output per hour Production and Production
of work Consumption without Trade with Trade
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 A)  1 belt : 1.25 swords. B)  1 belt : 1.33 swords. C)  1 belt : 1.75 swords. D)  1 belt : 2.25 swords. 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


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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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