Examlex

Solved

Table 19-12
Production and
Consumption Production
Without Trade with Trade

question 91

Multiple Choice

Table 19-12
Production and
Consumption Production
Without Trade With Trade
 Swards  Beltr  Svards  Beltr  Estoria 100502000 Morocco 50400120\begin{array} { | l | l | l | l | l | l | } \hline & \text { Swards } & \text { Beltr } & & \text { Svards } & \text { Beltr } \\\hline \text { Estoria } & 100 & 50 && 200 & 0 \\\hline \text { Morocco } & 50 & 40 && 0 & 120 \\\hline\end{array}
Estonia and Morocco can produce both swords and belts.Table 19-12 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-12.If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded,how many belts will Estonia consume?


Definitions:

Meritocracy

A system or society in which people are selected, rewarded, and advanced in accordance with their talents, abilities, and efforts rather than their social status or background.

Group Cohesion

The bonding together of members of a group, resulting in a strong sense of collective identity, loyalty, and togetherness.

Loyalty To Neighbors

A sense of allegiance or support given to those living in close proximity, often manifesting in community assistance and solidarity.

Very Attractive

Possessing physical or other qualities that generate a high level of appeal or interest in others.

Related Questions